21–30 of 87 posts
If the funds were sent to casinos, shouldn't the casinos have logs of what the money was used for?
If the casino isn't involved in the scheme, how can a thief take that $100M, using chips or not?
I don't get how any of this could have happened. So many WTFs. Fraudulent bank wires are reversible, even months after. And how in the world do they not check who they send the money to?
I don't get how any of this could have happened. So many WTFs. Fraudulent bank wires are reversible, even months after. And how in the world do they not check who they send the money to?
How does that work if the money is no longer at the destination account?
Misleading headline, given the first line of the piece is "The story of the theft of $100 million from the Bangladesh central bank"
I tried corroborating the claim that the hackers were Chinese. Couldn't find a reliable source. Anyone have anything? For future reference, Zero Hedge is a low-quality source.
Earlier quoted context omitted.
Have you ever been to a casino? You buy chips with cash, then you play with the chips, then you cash the (remaining) chips in for cash. There is no tracking of where each chip came from. EDIT: Although maybe you're right, if the "gamblers" deposited funds to the casino via wire, direct from the fed, and then exchanged them for chips. So the casinos should presumably have some record of who came to claim that wire in…
I'm surprised they haven't started putting RFID tags in every chip so they can track exactly how much each player spends at each game. Combined with proper record keeping, if chips were ever stolen, you could flag them and make sure they can't be redeemed for cash. Maybe in Vegas?
Casinos have cameras at the cage, and beyond that cash transactions in a casino have the same reportability as cash transactions everywhere. If it's in the US that means IRS paperwork at $10k. I have no idea what the limits are in the Philippines, but I'll bet they have video of the people who collected the money.
The page this article is on is a exhibit A of how broken the internet has become.
I tried corroborating the claim that the hackers were Chinese. Couldn't find a reliable source. Anyone have anything? For future reference, Zero Hedge is a low-quality source.
http://www.scmp.com/news/asia/south-asia/article/1922556/ban...
VICE: "The Fed had the responsibility to keep the money safe," Shamim Ahamad, press minister at the Bangladesh Embassy in Washington, told VICE News. "We are suspecting that Chinese hackers have done it."
https://news.vice.com/article/bangladeshs-central-bank-accus...
The page this article is on is a exhibit A of how broken the internet has become.
I don't understand why you've been downvotes, but after 3 minutes of fighting my Chrome on my phone, I had to give up.