Thursday, March 23, 2017

Kim Jong Un May Be Behind Biggest Bank Heist In History

By Kevin Dugan
The New York Post
March 23, 2017

The man behind the biggest bank heist in history may have been Kim Jong-un.

Federal prosecutors are preparing to finger North Korea for orchestrating the theft of $81 million from the Bangladesh central bank’s account at the Federal Reserve Bank of New York last year, according to a report.

The Justice Department is zeroing in on Chinese thieves under the direction of North Korea, with charges that they hacked Bangladesh’s central bank and swiped millions from its account held at the New York Fed, according to the Wall Street Journal.

The money was then transferred to banks in the Philippines and laundered through casinos, according to the reported allegations. While some of it has been recovered, much of it is still lost to prosecutors.

The hackers reportedly pulled off the heist by exploiting shoddy controls at the Bangladesh bank, the New York Fed and SWIFT, a money-transferring system that has come under attack by hackers the world over.

It’s unclear whether the Justice Department will file charges against North Korean officials, according to the WSJ report.

Spokepersons for Justice and the New York Fed didn’t return requests for comment.


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