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Possible insider role in central bank heist, says panel

By: Eastern Eye Staff

OFFICIALS of Bangladesh Bank may have been involved in a brazen theft of $81 million (£55m) from its account with the New York Federal Reserve Bank in February, the head of a government-appointed panel investigating the cyber heist told reporters on Monday (30). Hackers broke into the computer systems of the Bangladesh central bank and issued instructions through the SWIFT network to transfer $951m (£560m) of its deposits held at the New York Federal Reserve Bank to accounts in the Philip- pines and Sri Lanka. Most of the transactions were blocked but four, amounting to $81m, went through, sparking allegations…

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