Bangladesh Bank robbery
2016 bank cyber heist
Bangladesh Bank robbery
The Bangladesh Bank robbery, also known colloquially as the Bangladesh Bank cyber heist, was a theft that took place in February 2016. Thirty-five fraudulent instructions were issued by security hackers via the SWIFT network to illegally transfer close to US$1 billion from the Federal Reserve Bank of New York account belonging to Bangladesh Bank, the central bank of Bangladesh. Five of the thirty-five fraudulent instructions were successful in transferring US$101 million, with US$81 million traced to the Philippines and US$20 million to Sri Lanka. The Federal Reserve Bank of New York blocked the remaining thirty transactions, amounting to US$850 million, due to suspicions raised by a misspelled instruction. As of 2025, only US$15 million out of US$81 million transferred to the Philippines has been recovered with little progress in recovering the remaining US$66 million, and all the money transferred to Sri Lanka has since been recovered. Most of the money transferred to the Philippines...
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