SALES, RENTALS & LAYAWAYS

PROTECTING EVERYTHING THAT HAS EVER BEEN OF VALUE TO YOU

Open 24/7/365

We Have A Life-Time Warranty /
Guarantee On All Products. (Includes Parts And Labor)

Those $#%$# Idiots At The New York Federal Reserve Allow Hackers To Take $100million From An Account Held For Bangladesh

Hackers Compromise Swift System. Those $#%$# Idiots At The New York Federal Reserve Allow Hackers To Take $100million From An Account Held For Bangladesh

Those $#%$# Idiots At The New York Federal Reserve Allow Hackers To Take $100million From An Account Held For Bangladesh

Hackers have again gained access to the world’s largest system for transferring funds among banks, a breach the network’s operator said indicates a wide-ranging effort to penetrate the financial system.

The Society for Worldwide Interbank Financial Telecommunication, a cooperative that runs the international messaging system between banks, said the attack targeted a commercial bank and managed to send Swift messages using the bank’s valid codes. It followed the theft in February of $81 million from Bangladesh’s account at the Federal Reserve Bank of New York.

Related:

Ultimate Resource On Central Bank Digital Currencies

U.S. Charges Chinese Agents In Hacking Scheme, More Cases Expected

Hackers Prove The Insecurity Of Border Security By Stealing Photos Of Travelers’ Faces

Chinese Hackers Breach U.S. Navy Contractors

IRS Fails To Prevent $1.6 Billion In Tax Identity Theft

DMV Hacked! Your Personal Records Are Now Being Transmitted To Croatia

The Bangladesh case provided startling evidence of the vulnerability of parts of the financial system that had been thought highly secure.

The notice by Swift said in both cases its own system wasn’t breached but that hackers accessed the fund-transfer system using the customers’ credentials and malicious software to cover their tracks.

“Forensic experts believe this new discovery evidences that the malware used in the earlier reported customer incident was not a single occurrence, but part of a wider and highly adaptive campaign targeting banks,” Swift said in a notice to banks reviewed by The Wall Street Journal but set to go out Friday.

A spokeswoman for Swift said there were a “few” additional incidents but declined to identify the other institutions involved. The Belgium-based Swift recently notified customers about a “small number of recent cases of fraud at customer firms,” it said in the notice.

The new evidence in question, Swift said, was sophisticated malware that was found by third-party forensic experts, who brought their findings to the messaging company. The attack happened before the Bangladesh theft, a person familiar with the matter said.

That malware was different than that used earlier to attack Bangladesh’s central bank, it added. In February, thieves attempted to siphon nearly $1 billion out of the Bangladesh bank’s account at the New York Fed.

The bulk of the fraudulent payment orders were stopped, but the thieves made off with $81 million that still hasn’t been traced.

The two sets of malware used in the attacks had two things in common, the Swift notice said. One, the attackers exploited the customer’s systems before messages were sent over Swift’s platform.

Secondly, the malware helped the attackers cover their tracks, making it more difficult to identify the fraud.

Those $#%$# Idiots At The New York Federal Reserve Allow Hackers To Take $100million From An Account Held For Bangladesh

The newer one identified by Swift attacks a type of computer software for reading files in a “portable document format,” or PDF. The malware is able to read customers’ PDF reports of payment confirmations, manipulate them and then remove traces of any fraudulent instructions, Swift said.

The Wall Street Journal reported this week that the Federal Bureau of Investigation suspected insiders may have helped the attack on Bangladesh Bank, citing people familiar with the matter. Swift similarly emphasized the risk of malicious insiders in its note to banks.

Swift, a member-owned industry cooperative, handles the bulk of world-wide cross-border payment instructions between banks. On average, the company handles 25 million messages each day.

Banks and brokerages relay information to each other through its trusted computer network, confirming the identities of senders and recipients, amounts being transferred, account numbers and intermediary banks.

The breaches raise the prospect that the system isn’t fully secure.

In the case involving Bangladesh Bank, attackers issued 35 fraudulent instructions attempting to divert funds to accounts in the Philippines and Sri Lanka.

At a conference in Miami this month, New York Fed Executive Vice President Richard Dzina said the bank acted on properly authenticated message instructions.

News of the second breach was reported earlier Thursday by the New York Times.

Updated: 2-18-2016

Central Bank Computer Was Hacked To Carry Out $81 Million Heist

A Bangladeshi central bank official’s computer was used by unidentified hackers to make payments via SWIFT, and carry out one of the biggest-ever cyber heists, a Bangladeshi diplomat said on Thursday at the end of a Philippine Senate inquiry.

There were certain indications about who the hackers were, Bangladesh Ambassador John Gomes told a panel looking into how the $81 million in stolen money ended up in the Philippines, citing information shared by the U.S. Federal Bureau of Investigation.

Gomes said the hackers were neither in the Philippines nor in Bangladesh, but he had no other information.

“One of our bank officials who is in the group that makes payments, that passes the payment instructions, his computer was hacked,” Gomes said.

“It was a Friday when the attack happened and the Bangladesh central bank is totally shut down. It was all sealed and no one goes to the bank on that day.”

There was no evidence directly linking anyone in Bangladesh to the February cyber heist, Gomes said.

The hackers sent fraudulent messages, ostensibly from the central bank in Dhaka, on the SWIFT system, to the New York Federal Reserve seeking to transfer nearly $1 billion from Bangladesh Bank’s account there.

Most of the transfers were blocked but about $81 million was sent to a bank in the Philippines. It was moved to casinos and casino agents and much of it is missing.

Ralph Recto, one of the Philippine senators leading the investigation, said in April Chinese hackers were likely to have pulled off the heist, citing a network of Chinese people involved in routing the stolen funds through Manila.

China has dismissed the suggestion.

Bangladesh Bank officials have said they believed SWIFT, and the New York Fed, bear some responsibility for the cyber heist, but SWIFT has rejected the suggestion.

The Philippine inquiry has helped recover $15 million of the stolen funds, but the head of the Philippine anti-money laundering council, Julia Abad, said it would take three to five months before the money, now subject of a forfeiture case, could be returned to Bangladesh.

Senators wrapped up their investigation on Thursday but they were nowhere near finding the truth of what happened as they were hamstrung by the country’s strict bank secrecy laws and as casinos fall outside the ambit of the anti-money laundering law.

Updated: 3-10-2016

Bangladesh Central Bank Found $100 Million Missing After A Weekend Break

Interviews with Bangladeshi officials depict a cyberheist spanning at least four countries.

DHAKA, Bangladesh—On a quiet Friday last month, the Federal Reserve Bank of New York received a series of payment instructions ostensibly from Bangladesh’s central bank requesting the transfer of nearly $1 billion out of an account held by the South Asian country at the New York Fed.

The transfer requests, which the Fed says were “fully authenticated” with the correct bank codes, would move the money to private accounts in the Philippines and Sri Lanka and appeared to come from the Bangladeshi central bank’s servers in the capital, Dhaka.

Only, Friday is the weekend in Bangladesh and the central bank’s offices were closed. By the time officials at Bangladesh Bank, the country’s central bank, returned to work and detected the fraudulent requests, more than $100 million had been stolen from the account at the New York Fed.

Interviews with several officials at Bangladesh’s Finance Ministry and its central bank depict an international cyberheist spanning at least four countries.

Subhankar Saha, a spokesman for Bangladesh Bank, said hackers had transferred $81 million from the New York Fed to bank accounts in the Philippines, while $20 million had gone to a Sri Lankan bank. Other transfers totaling roughly $850 million were blocked after “the American bank raised a money laundering alert,” Mr. Saha said.

A Bangladesh Bank official and an official of the Ministry of Finance said up to 35 transfer requests had been sent to the Fed through an interbank messaging system known as Swift on Feb. 5.

Whoever made the requests had the necessary codes to authorize Swift transfers and put in the payment requests on a weekend, the officials said, speaking on condition of anonymity.

Swift uses a multilayered process to authenticate the financial institutions that are sending and receiving millions of messages each day between one another.

“They knew offices in Dhaka would be closed on Friday and Saturday while offices in New York would be shut on Saturday and Sunday,” the Bangladesh Bank official said. “They were counting on the likelihood that there wouldn’t be any direct communication between the banks over the weekend.”

Five requests totaling about $100 million went through but the rest were blocked by the Fed, according to the officials. The fact that the money was being wired to personal bank accounts in the Philippines rang alarm bells.

The wire transfer of $20 million to Sri Lanka went to the account of a newly formed nongovernmental organization, according to the officials in Dhaka. The Sri Lankan bank handling the account reported the unusual transaction to the country’s central bank under that country’s anti-money-laundering laws and authorities reversed the transfer.

“We have recovered the money that went to Sri Lanka and are working with anti-money-laundering authorities in the Philippines to recover the rest of the funds,” Mr. Saha said. He declined to comment on the nationality of the hackers.

Bangladesh Bank officials said the $81 million that flowed to bank accounts in the Philippines may have passed through several local casinos, citing investigators in Manila.

The Philippines Senate is planning to hold a public inquiry into allegations that casinos may have been used to launder the stolen money.

The Anti Money Laundering Council of the Philippines said the agency couldn’t comment on ongoing investigations.

Bangladesh foreign-currency reserves touched a record $28 billion in February, driven mainly by ready-made garment exports to North America and Europe.

Nearly a third of those reserves is held in liquid form in bank accounts at the Fed and the Bank of England, according to Bangladesh Bank officials.

The New York Fed offers transaction services to about 250 foreign central banks and government-related entities around the world as part of its broader payments services.

Bangladesh’s finance minister, Abul Maal Abdul Muhith, accused the Fed of “irregularities” over the stolen funds this week and said his government might sue to recover the money.

A New York Fed spokeswoman on Thursday declined to comment on the matter, but had said in a statement Tuesday: “To date, there is no evidence of any attempt to penetrate Federal Reserve systems in connection with the payments in question, and there is no evidence that any Fed systems were compromised.

“The payment instructions in question were fully authenticated by the SWIFT messaging system in accordance with standard authentication protocols. The Fed has been working with the central bank since the incident occurred, and will continue to provide assistance as appropriate.”

Cybersecurity experts say the theft of money from the New York Fed using a secure interbank messaging system shows the vulnerability of emerging economies like Bangladesh, where the rapid growth of the banking system has outpaced regulations and security systems.

In February, Bangladeshi police arrested a Ukrainian man who they said was part of an international gang that stole hundreds of thousands of dollars from ATM booths and point-of-sale terminals using counterfeit credit cards.

Updated 4-9-2016

Bankers Hours Contributes To Breach

The heist is now the focus of probes by the Federal Bureau of Investigation, officials in Bangladesh, lawmakers in the Philippines and the U.S. Congress. A spokeswoman for the FBI declined to comment.

Investigators brought in from computer-security firm FireEye Inc. said in a report that the attackers lurked in Bangladesh Bank’s systems for days, logging keystrokes to get the codes they needed.

Bangladeshi investigators have said the thieves timed their attack to exploit the weekend, which falls on Friday and Saturday in Bangladesh.

The Bangladeshi central bank has questioned why the unusual transfer requests, many asking for money to be routed to personal bank accounts, didn’t ring alarm bells inside the New York Fed before the bank executed five of the 35 payment orders.

Subhankar Saha, a spokesman for Bangladesh Bank, said its investigators are looking into whether the New York Fed followed the correct procedures in releasing funds from its account.

The Fed generally approves authenticated payment orders automatically, people familiar with the matter said. Payments can be halted if they set off money-laundering or sanctions alerts, for example. Others may be reviewed after the fact and recalled if necessary, the people said.

“You’d think the Fed would be more vigilant with suspicious activity,” saidDarren Hayes, a professor who studies cybersecurity at Pace University’s Seidenberg School of Computer Science and Information Systems in New York. “People might question why, if they raised their own red flags, more wasn’t done.”
Timeline

Feb. 4, 2016

By 5 p.m. EST: Federal Reserve Bank of New York approves five of what ultimately became 35 requests from hackers to transfer money from Bangladesh Bank’s accounts. The five approved orders, totaling $101 million, are routed to beneficiaries in Sri Lanka and the Philippines.

5:55 p.m.: New York Fed messages Bangladesh Bank with questions about another 12 of the 35 transfer requests.

11:30 p.m. (10:30 a.m. Friday Bangladesh time): Bangladesh Bank officials find the Swift interbank-messaging terminal unresponsive and can’t access the system.

Feb. 5, 2016

4:09 p.m. and 4:43 p.m. EST: Fed sends new messages to Bangladesh Bank again querying the transfer requests, including four of the five it had put through and 30 it had blocked that day.

Feb. 6, 2016

1:30 a.m. EST (12:30 p.m. Bangladesh time): After correcting a computer problem, Bangladesh Bank sees messages sent by the Fed.

2:31 a.m. to 7:03 a.m. EST: Bangladesh Bank sends three emails and one fax to the New York Fed, trying to get the payments stopped. Messages go unanswered. Bangladeshi officials also call the Fed office in New York several times, to no avail.

Feb. 7, 2016

7:15 a.m. EST (6:15 p.m. Bangladesh time): Bangladeshi officials start up a backup server and see dozens of messages from the Fed asking Bangladesh to reconfirm requests to transfer up to $950 million. By then, $101 million had already been wired out of the account to Sri Lanka and the Philippines.

Feb. 8, 2016

6 a.m. EST (5 p.m. Bangladesh time): Bangladesh Bank sends stop-payment requests via Swift to the New York Fed and four intermediary banks. Later in the day, the Fed sends its own stop-payment requests.

2/14

The thieves put the first payment orders through to the Fed using Swift on Thursday, Feb. 4, late in the Bangladeshi day, according to people familiar with those messages. The Fed approved five of the 35 payments later that day, said one person familiar with the messages, processing a total of $101 million in payments.

Fed employees then became suspicious. At 5:55 p.m., they messaged Bangladesh Bank asking for the rationale for a dozen different payment requests, the person said.

As the Fed’s concerns increased the next day, a Friday, it decided to block 30 of the 35 requests made by the thieves. Just before closing for business that afternoon, and heading out for the weekend, Fed staffers sent two more interbank messages asking Bangladesh Bank for additional details, people familiar with the messages said.

The Fed never heard back that day, when most Bangladeshi staff already were off for the weekend.

Officials who work on the Swift system at Bangladesh Bank usually come in for a couple of hours on weekend days to collect and sort messages. They were in the office for about 90 minutes Friday, but left without seeing the Fed’s messages, because they couldn’t start up the Swift terminal due to a computer failure that FireEye said was caused by the hackers.

When they got the terminal running Saturday and saw the Fed’s messages, they sent three emails and a fax asking the Fed to “stop processing all payments until further notice,” according to the Bangladeshi police report on the incident.

Bangladeshi officials said they also tried to call the New York Fed multiple times that day and on Sunday, but nobody answered, according to the report.

It wasn’t until early the following Monday, just after 6 a.m. New York time, that the Fed saw the Bangladeshi messages, people familiar with the matter said. It later sent out orders to stop the payments, they said. By then, it was too late, with all but $68,305 of the $81 million sent to the Philippines gone.

Bangladesh ultimately got back the $20 million routed to the account of a nonprofit in Sri Lanka, but only because a banker there stopped the payment after noticing a misspelling in the recipient’s name. In late March, one of the junket operators in the Philippines returned $4.63 million.

The Philippines last month filed criminal complaints against the two casino-junket operators for allegedly receiving some of the stolen money.

Updated: 3-16-2016

Hackers Lurked In Bangladesh Central Bank’s Servers For Weeks

Cybercriminals used malware, hacking tools and keylogger software to breach system, FireEye report says.

Hackers who last month stole more than $100 million from Bangladesh’s account at the Federal Reserve Bank of New York had been remotely monitoring activity at the South Asian nation’s central bank for several weeks and may have breached as many as 32 computers at the bank, a report from private investigators said.

In a sophisticated and coordinated cyberattack, the criminals, posing as Bangladeshi central bank officials, sent dozens of secure messages to the New York Fed, which transferred funds belonging to Bangladesh from the Fed to bank accounts in the Philippines and Sri Lanka.

The hackers introduced malicious code, known as malware into the Bangladesh bank’s server, which allowed them to process and authorize the transactions, according to an interim report from FireEye Inc., the Silicon Valley-based cybersecurity firm the Bangladesh Bank hired to probe the Feb. 5 theft.

The report, viewed by The Wall Street Journal, said that in addition to the malware, the cybercriminals deployed hacking tools, including keylogger software that monitors strokes on a keyboard, to steal Bangladesh Bank’s credentials for the Swift system, a closed network used by financial institutions to authorize financial transactions through secure messages.

Brussels-based Society for Worldwide Interbank Financial Telecommunication, a cooperative owned by some 3,000 global financial institutions and known as Swift, said Monday that it would ask customers to review their internal security in light of the breach of Bangladesh’s central bank.

“We reiterate that the SWIFT network itself was not breached. Our priority at this time is to investigate the interim findings and to encourage customers to review and, where necessary, to reinforce their local operating environments,” a Swift spokeswoman said.

FireEye said its investigators have identified malware “with advanced features of command and control,” which was “specifically designed for a targeted attack on Bangladesh Bank to operate on Swift Alliance Access (SAA) servers”—the interface used by the central bank to access the Swift network.

Cybercriminals had monitored the bank’s routine activity through the malware, the report said, allowing them to compose money transfer messages that looked genuine but were intended for accomplices in the Philippines and Sri Lanka.

The malware that allowed hackers to send fraudulent messages through the Swift messaging system could still be in the local network, Bangladeshi officials said.

How the malware was installed on the computers has yet to be determined, according to the report, which hasn’t been made public.

FireEye didn’t identify suspects in the report, instead blaming “an uncategorized threat group.” It said such groups had been active “within other customer networks in the financial industry, where these threat actors appear to be financially motivated, and well organized.”

“The security breach of the Swift environment is part of a much larger breach that is currently under investigation,” the report said.

FireEye investigators have warned Bangladeshi officials that dozens of computers at the central bank may have been breached by hackers leading up to the attack.

The Federal Bureau of Investigation last week joined the hunt for the perpetrators. Bangladeshi police officials met with an FBI team in Dhaka on Sunday. The U.S. investigators would assist with the “transborder elements of the crime,” a senior Bangladeshi police official said.

The U.S. Embassy in Dhaka said the U.S. “stands ready to assist the Government of Bangladesh with its investigation.”

Atiur Rahman, the central bank’s governor, last week resigned after taking “moral responsibility” for the breach of the bank’s operations.

The $81 million that was wired from the New York Fed to the Philippines, according to Bangladeshi and Philippine officials, ended up with at least one local casino and two gambling junket operators via a local businessman’s bank accounts, according to the Philippines’ Anti-Money Laundering Council, a government task force.

Julia Bacay-Abad, executive director of the Anti-Money Laundering Council, said at a hearing in the Philippines Senate that the money apparently had been used to buy gambling chips. Gambling facilities aren’t covered by the Philippines’ Anti-Money Laundering Law.

The wire transfer of $20 million to Sri Lanka went to the account of a newly formed nongovernmental organization, according to the officials in Dhaka. The Sri Lankan bank handling the account reported the unusual transaction to the country’s central bank under that country’s anti-money-laundering laws and authorities returned the money to the Fed, the officials said.

Updated 3-17-2016

More details emerged Thursday of the brazen theft of tens of millions of dollars from Bangladesh’s account at the Federal Reserve Bank of New York, including the use of allegedly forged bank accounts in the Philippines and testimony about money being bundled into the car of a bank manager.

Cybercriminals in early February attempted to siphon close to $1 billion out of Bangladesh’s account at the New York Fed, Bangladeshi officials have said. Although the sheer volume of attempted transactions raised alarm bells, causing the Fed to block some of the transfers, the thieves managed to funnel $81 million to accounts in the Philippines and $20 million to a bank in Sri Lanka, according to the Bangladeshi officials.

The heist led to the resignation of Bangladesh’s top central banker and several other senior officials.

On Thursday, senators in the Philippines heard testimony about what might have happened to money that entered bank accounts in the country’s Rizal Commercial Banking Corp.

RCBC legal counsel Macel Fernandez-Estavillo and an executive at the bank,Romualdo Agarrado, testified at the Senate hearing in Manila that on Feb. 5 around 20 million pesos ($427,000) was withdrawn from one of the four bank accounts that received the funds. Mr. Agarrado said he saw the money taken to the car of Maia Santos Deguito, Manila branch manager with the bank, by one of the bank’s messengers.

Mr. Agarrado said that when RCBC’s head office implemented a Bangladesh central-bank order to freeze the accounts on Feb. 9, the first day of the workweek, Ms. Deguito ignored it.

Instead, she moved the money to a foreign-currency account opened Feb. 5 under the name of Centurytex Trading, a local brokerage firm owned by businessman William Go, Mr. Agarrado testified.

Philippines Anti-Money Laundering Council records submitted to the Senate show that $15 million of the stolen money on Feb. 5 was remitted from the account to a local money-transfer company called Philrem. Then, about another $66 million of the funds were transferred to Philrem on Feb. 9.

Philrem President Salud Bautista told the hearing that her company processed a total $80.9 million that came from the foreign-currency account of Mr. Go and Centurytex Trading, and that the requests appeared to be regular bank orders.

Ms. Bautista on Thursday said the company was offering a check for 10.47 million pesos ($223,000) to the Bangladeshi representative at the Senate hearings for the fees the company earned from processing the transactions.

Mr. Go denied that the account was his or his firm’s and authorized RCBC to disclose transactions in it to free the bank from violating the country’s bank secrecy law. An investigation carried out by the private firm Truth Verifier Systems Inc. found that the account, and another opened in July 2014 under the businessman’s name, were forgeries, Ms. Estavillo said.

Ms. Deguito has declined to comment on the allegations against her, insisting at the Senate hearings on her right not to incriminate herself. The Philippines’ Anti-Money Laundering Council has filed a criminal complaint against her with the country’s Department of Justice. She agreed to give her version of events to senators in a closed-door hearing.

The money eventually made it into at least one local casino and two gambling junket operators, the Senate hearing heard Tuesday. In previous Senate testimony, Julia Bacay-Abad, executive director of the Anti-Money Laundering Council, said the money apparently had been used to buy gambling chips.

The council’s investigation ended at the casino’s doors, however. Gambling facilities aren’t covered by the Philippines’ Anti-Money Laundering Law.

Meanwhile, in Bangladesh on Wednesday, central-bank officials filed a police report in Dhaka.

The computer terminal that connected Bangladesh’s central-bank computers to the secure interbank messaging system knows as Swift was “unresponsive” on Feb. 6, the morning after the theft, a senior official working at the bank’s secure server room said in the police report seen by The Wall Street Journal.

According to the report, Zubair Bin Huda, the senior official in charge of the glass-walled server room—known as the “Dealing Room”—was concerned when a printer connected to the terminal couldn’t print out the interbank messages received during the night.

Mr. Huda said he and other officials went home shortly afterward “since it was the weekend.” Bangladesh’s weekend falls on Friday and Saturday. Mr. Huda couldn’t be reached for comment on Thursday.

It wasn’t until Feb. 7, a Sunday, that the officials started a backup server and manually printed out the messages. The tranche that came out contained up to 35 messages from the New York Fed asking Bangladesh to reconfirm transfer requests of up to $950 million. By then, $101 million already had been wired to the Philippines and Sri Lanka.

The wire transfer of $20 million to Sri Lanka went to the account of a newly formed nongovernmental organization, according to the officials in Dhaka. The Sri Lankan bank handling the account reported the unusual transaction to the country’s central bank and authorities reversed the transfer.

Senior Bangladeshi officials sent urgent messages to the Philippines central bank on Feb. 8 asking it to freeze four accounts at the RCBC where $81 million had flowed, according to the police report.

Bangladesh central-bank officials close to the investigation said the criminals had used malicious code, known as malware, to penetrate its computers. The malware allowed the thieves to monitor the activity and daily routine at the Dealing Room, said one official, who spoke on condition of anonymity.

“They were counting on the likelihood that there wouldn’t be any direct communication between the banks over the weekend,” he said.

A spokeswoman for the New York Fed declined to comment, but previously said the payment instructions the U.S. bank received were “fully authenticated” and there was “no evidence the Fed’s systems were compromised.”

Atiur Rahman, who resigned as governor of Bangladesh Bank, the central bank, on Tuesday, said that the bank was slow to react to the breach because it was a “new and unexpected” challenge. “It took a while to understand what hit us,” he said.

Bangladesh has hired California-based cybersecurity firm FireEye Inc. to spearhead the investigation into the breach. Bryce Boland, FireEye’s chief technology officer for the Asia Pacific region, said: “Whatever the outcome of this investigation, we expect banks will review their security practices.”

Swift has said its core messaging services weren’t affected by the issue and it is working with Bangladesh Bank to “resolve an internal operational issue at the central bank.”

Swift’s terms of service say the customer is responsible for maintaining security on its computers.

DHAKA, Bangladesh—Someone using official codes stole $100 million from Bangladesh’s account at the New York Fed over a recent weekend. Authorities in four countries are still piecing together what happened.

The breach funneled $81 million from the country’s account at the New York Federal Reserve to personal bank accounts in the Philippines. Another $20 million was directed to a bank in Sri Lanka.

In scenes that would be right at home in Hollywood, the unknown criminals sent 35 transfer requests through the Swift interbank messaging system, a Bangladesh Bank official and an official of the Ministry of Finance have said.

Whoever made the requests had the necessary codes to authorize Swift transfers and put in the payment requests on a weekend, the officials said.

The incident has led to recriminations, with Bangladesh’s finance minister accusing the Fed of irregularities, and questions being raised about the quality of security in the South Asian country. In an early sign of fallout from the breach, Bangladesh’s central-bank governor, Atiur Rahman , resigned Tuesday.

Mr. Rahman had come under fire from senior ministers who said he didn’t tell the government about the theft fast enough. Although the theft took place Feb. 5, Bangladesh Bank, the central bank, didn’t make a public announcement until last week. The country’s finance minister, Abul Maal Abdul Muhith, said he learned of the heist from news reports.

On Tuesday, Mr. Rahman, who had been the governor of Bangladesh Bank for nearly seven years, said he was taking moral responsibility for the loss of the money. Two deputy governors of Bangladesh Bank were relieved of their duties, Mr Muhith said. He didn’t clarify why they were removed. The officials couldn’t be reached for comment Tuesday.

The Fed declined to comment Tuesday. It has said it is working with Bangladesh to investigate the incident and said none of its systems were compromised.

Interviews with several officials at Bangladesh’s Finance Ministry and its central bank depict a well-planned international caper spanning at least four countries.

The breach began on a quiet Friday last month, when a series of payment instructions arrived at the New York Fed seeking the transfer of nearly $1 billion out of the Bangladeshi account.

Those $#%$# Idiots At The New York Federal Reserve Allow Hackers To Take $100million From An Account Held For Bangladesh

The transfer requests, which the Fed says were fully authenticated with the correct bank codes, asked to move the money to private accounts in the Philippines and Sri Lanka and appeared to come from the Bangladeshi central bank’s servers in the capital, Dhaka.

But Friday is the weekend in Bangladesh and the central bank’s offices were closed. By the time officials at Bangladesh Bank returned to work, five requests moving about $100 million had gone through.

Further transfers totaling roughly $850 million were blocked after the Fed raised a money-laundering alert, a spokesman for Bangladesh Bank said. The fact that the money was being wired to personal bank accounts in the Philippines rang alarm bells.

The $81 million that did leave the bank for the Philippines ended up in the account of a local businessman before making its way to at least two local casinos, the executive director of the country’s Anti-Money Laundering Council, a government task force, said at a hearing at the Philippine Senate on Tuesday.

Julia Bacay-Abad, executive director of the Anti-Money Laundering Council, said the money had apparently been used to buy gambling chips. The council’s investigation ended at the casino’s doors, however. Gambling facilities aren’t covered by the Philippines’ Anti-Money Laundering Law.

“Manila has returned only $68,000 of the money which was left in the bank accounts,” said a Bangladesh Bank official close to the investigation. “Whoever planned it had thought well ahead.”

The $20 million transferred to Sri Lanka went to the account of a newly formed nongovernmental organization, according to the officials in Dhaka. The Sri Lankan bank handling the account reported the unusual transaction to the country’s central bank under that country’s money-laundering laws, and authorities reversed the transfer.

Swift uses a multilayered process to authenticate the financial institutions that are sending and receiving millions of messages each day between one another. A spokeswoman said the messaging system’s core services hadn’t been affected, and said Swift was working with Bangladesh Bank “to resolve an internal operational issue at the central bank.”

Cybersecurity experts say the theft of money from the New York Fed shows the vulnerability of emerging economies like Bangladesh, where the rapid growth of the banking system has outpaced regulations and security systems.

Bangladesh foreign-currency reserves touched a record $28 billion in February. Nearly a third of those are held in liquid form in bank accounts at the Fed and the Bank of England, according to Bangladesh Bank officials.

Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,Those $#%$# Idiots At,

Related Articles:

Bitcoin Information & Resources (#GotBitcoin?)

The World’s Best Crypto Policies: How They Do It In 37 Nations

Tonga To Copy El Salvador’s Bill Making Bitcoin Legal Tender, Says Former MP

Wordle Is The New “Lingo” Turning Fans Into Argumentative Strategy Nerds

Prospering In The Pandemic, Some Feel Financial Guilt And Gratitude

Is Art Therapy The Path To Mental Well-Being?

New York, California, New Jersey, And Alabama Move To Ban ‘Forever Chemicals’ In Firefighting Foam

The Mystery Of The Wasting House-Cats

What Pet Owners Should Know About Chronic Kidney Disease In Dogs And Cats

Pets Score Company Perks As The ‘New Dependents’

Why Is My Cat Rubbing His Face In Ants?

Natural Cure For Hyperthyroidism In Cats Including How To Switch Him/Her To A Raw Food Diet

Ultimate Resource For Cat Lovers

FDA Approves First-Ever Arthritis Pain Management Drug For Cats

Ultimate Resource On Duke of York’s Prince Andrew And His Sex Scandal

Walmart Filings Reveal Plans To Create Cryptocurrency, NFTs

Bitcoin’s Dominance of Crypto Payments Is Starting To Erode

T-Mobile Says Hackers Stole Data On About 37 Million Customers

Jack Dorsey Announces Bitcoin Legal Defense Fund

Freedom of Information Act (FOIA) Request Reveals How The Trump Administration Really Felt About Bitcoin

More Than 100 Millionaires Signed An Open Letter Asking To Be Taxed More Heavily

Federal Regulator Says Credit Unions Can Partner With Crypto Providers

What’s Behind The Fascination With Smash-And-Grab Shoplifting?

Train Robberies Are A Problem In Los Angeles, And No One Agrees On How To Stop Them

US Stocks Historically Deliver Strong Gains In Fed Hike Cycles (GotBitcoin)

Ian Alexander Jr., Only Child of Regina King, Dies At Age 26

Amazon Ends Its Charity Donation Program Amazonsmile After Other Cost-Cutting Efforts

Crypto Panics, Then Jeers at DOJ Announcement of ‘Major Action’ Against Tiny Chinese Exchange Bitzlato

Indexing Is Coming To Crypto Funds Via Decentralized Exchanges

Doctors Show Implicit Bias Towards Black Patients

Darkmail Pushes Privacy Into The Hands Of NSA-Weary Customers

3D Printing Make Anything From Candy Bars To Hand Guns

Stealing The Blood Of The Young May Make You More Youthful

Henrietta Lacks And Her Remarkable Cells Will Finally See Some Payback

Metformin And Exercise

AL_A Wins Approval For World’s First Magnetized Fusion Power Plant

Want To Be Rich? Bitcoin’s Limited Supply Cap Means You Only Need 0.01 BTC

Smart Money Is Buying Bitcoin Dip. Stocks, Not So Much

McDonald’s Jumps On Bitcoin Memewagon, Crypto Twitter Responds

America COMPETES Act Would Be Disastrous For Bitcoin Cryptocurrency And More

Lyn Alden On Bitcoin, Inflation And The Potential Coming Energy Shock

Inflation And A Tale of Cantillionaires

El Salvador Plans Bill To Adopt Bitcoin As Legal Tender

Miami Mayor Says City Employees Should Be Able To Take Their Salaries In Bitcoin

NYC And Miami Mayors (Eric Adams And Francis Suarez) Duke It Out On Twitter Over Who Is The Bigger Crypto Advocate

Vast Troves of Classified Info Undermine National Security, Spy Chief Says

BREAKING: Arizona State Senator Introduces Bill To Make Bitcoin Legal Tender

San Francisco’s Historic Surveillance Law May Get Watered Down

How Bitcoin Contributions Funded A $1.4M Solar Installation In Zimbabwe

California Lawmaker Says National Privacy Law Is a Priority

The Pandemic Turbocharged Online Privacy Concerns

How To Protect Your Online Privacy While Working From Home

Researchers Use GPU Fingerprinting To Track Users Online

Japan’s $1 Trillion Crypto Market May Ease Onerous Listing Rules

There Has Never Been A Better Time For Billionaire Schadenfreude (Malicious Enjoyment Derived From Observing Someone Else’s Misfortune)

Ultimate Resource On A Weak / Strong Dollar’s Impact On Bitcoin

Fed Money Printer Goes Into Reverse (Quantitative Tightening): What Does It Mean For Crypto?

Crypto Market Is Closer To A Bottom Than Stocks (#GotBitcoin)

When World’s Central Banks Get It Wrong, Guess Who Pays The Price??? (#GotBitcoin)

As Crypto Crash Erases Approx. $1 Trillion in Market Value Users Say, “Thanks But No Thanks” To Bailouts

“Better Days Ahead With Crypto Deleveraging Coming To An End” — Joker

Crypto Funds Have Seen Record Investment Inflow In Recent Weeks

Bitcoin’s Epic Run Is Winning More Attention On Wall Street

Ultimate Resource For Crypto Mergers And Acquisitions (M&A) (#GotBitcoin)

Why Wall Street Is Literally Salivating Over Bitcoin

Nasdaq-Listed MicroStrategy And Others Wary Of Looming Dollar Inflation, Turns To Bitcoin And Gold

Bitcoin For Corporations | Michael Saylor | Bitcoin Corporate Strategy

Ultimate Resource On Myanmar’s Involvement With Crypto-Currencies

‘I Cry Every Day’: Olympic Athletes Slam Food, COVID Tests And Conditions In Beijing

Does Your Baby’s Food Contain Toxic Metals? Here’s What Our Investigation Found

Ultimate Resource For Pro-Crypto Lobbying And Non-Profit Organizations

Ultimate Resource On BlockFi, Celsius And Nexo

Petition Calling For Resignation Of U​.​S. Securities/Exchange Commission Chair Gary Gensler

100 Million Americans Can Legally Bet on the Super Bowl. A Spot Bitcoin ETF? Forget About it!

Green Finance Isn’t Going Where It’s Needed

Shedding Some Light On The Murky World Of ESG Metrics

SEC Targets Greenwashers To Bring Law And Order To ESG

BlackRock (Assets Under Management $7.4 Trillion) CEO: Bitcoin Has Caught Our Attention

BlackRock CEO Larry Fink ($10Trillion AUM) Has Unchecked Influence In Financial Markets And Needs To Be Reined In

Canada’s Major Banks Go Offline In Mysterious (Bank Run?) Hours-Long Outage (#GotBitcoin)

On-Chain Data: A Framework To Evaluate Bitcoin

On Its 14th Birthday, Bitcoin’s 1,690,706,971% Gain Looks Kind of… Well Insane

The Most Important Health Metric Is Now At Your Fingertips

American Bargain Hunters Flock To A New Online Platform Forged In China

Why We Should Welcome Another Crypto Winter

Traders Prefer Gold, Fiat Safe Havens Over Bitcoin As Russia Goes To War

Music Distributor DistroKid Raises Money At $1.3 Billion Valuation

Nas Selling Rights To Two Songs Via Crypto Music Startup Royal

Ultimate Resource On Music Catalog Deals

Ultimate Resource On Music And NFTs And The Implications For The Entertainment Industry

Lead And Cadmium Could Be In Your Dark Chocolate

Catawba, Native-American Tribe Approves First Digital Economic Zone In The United States

The Miracle Of Blockchain’s Triple Entry Accounting

How And Why To Stimulate Your Vagus Nerve!

Housing Boom Brings A Shortage Of Land To Build New Homes

Biden Lays Out His Blueprint For Fair Housing

No Grave Dancing For Sam Zell Now. He’s Paying Up For Hot Properties

Cracks In The Housing Market Are Starting To Show

Ever-Growing Needs Strain U.S. Food Bank Operations

Food Pantry Helps Columbia Students Struggling To Pay Bills

Food Insecurity Driven By Climate Change Has Central Americans Fleeing To The U.S.

Housing Insecurity Is Now A Concern In Addition To Food Insecurity

Families Face Massive Food Insecurity Levels

US Troops Going Hungry (Food Insecurity) Is A National Disgrace

Everything You Should Know About Community Fridges, From Volunteering To Starting Your Own

Fed Up Says Federal Leaders Robert Kaplan And Eric Rosengren Should Be Fired Over Insider Stock Trades

Pandora Papers Exposed Offshore Havens And Hidden Riches Of World Leaders And Billionaires Exposed In Unprecedented Leak (#GotBitcoin)

Russia’s Independent Journalists Including Those Who Revealed The Pandora Papers Need Your Help

10 Women Who Used Crypto To Make A Difference In 2021

Happy International Women’s Day! Leaders Share Their Experiences In Crypto

If Europe Can Tap Hi-Tech Industry’s Power-Hungry Data Centers To Heat Homes Then Why Not Use Bitcoin Miners As Well?

Dollar On Course For Worst Performance In Over A Decade (#GotBitcoin)

Juice The Stock Market And Destroy The Dollar!! (#GotBitcoin)

Unusual Side Hustles You May Not Have Thought Of

Ultimate Resource On Global Inflation And Rising Interest Rates (#GotBitcoin)

Essential Oils User’s Guide

How Doctors Treat Their Own Colds And Flus And How To Tell If Your Symptoms Are Flu, Covid, RSV or Strep

The Fed Is Setting The Stage For Hyper-Inflation Of The Dollar (#GotBitcoin)

An Antidote To Inflation? ‘Buy Nothing’ Groups Gain Popularity

Why Is Bitcoin Dropping If It’s An ‘Inflation Hedge’?

Lyn Alden Talks Bitcoin, Inflation And The Potential Coming Energy Shock

Ultimate Resource On How Black Families Can Fight Against Rising Inflation (#GotBitcoin)

What The Fed’s Rate Hike Means For Inflation, Housing, Crypto And Stocks

Egyptians Buy Bitcoin Despite Prohibitive New Banking Laws

Archaeologists Uncover Five Tombs In Egypt’s Saqqara Necropolis

History of Alchemy From Ancient Egypt To Modern Times

A Tale Of Two Egypts

Former World Bank Chief Didn’t Act On Warnings Of Sexual Harassment

Does Your Hospital or Doctor Have A Financial Relationship With Big Pharma?

Ultimate Resource Covering The Crisis Taking Place In The Nickel Market

Virginia-Based Defense Contractor Working For U.S. National-Security Agencies Use Google Apps To Secretly Steal Your Data

Apple Along With Meta And Secret Service Agents Fooled By Law Enforcement Impersonators

Handy Tech That Can Support Your Fitness Goals

How To Naturally Increase Your White Blood Cell Count

Ultimate Source For Russians Oligarchs And The Impact Of Sanctions On Them

Ultimate Source For Bitcoin Price Manipulation By Wall Street

Russia, Sri Lanka And Lebanon’s Defaults Could Be The First Of Many (#GotBitcoin)

Will Community Group Buying Work In The US?

Building And Running Businesses In The ‘Spirit Of Bitcoin’

Belgium Arrests EU Lawmaker, Four Others In Corruption Probe Linked To European Parliament (#GotBitcoin)

What Is The Mysterious Liver Disease Hurting (And Killing) Children?

Citigroup Trader Is Scapegoat For Flash Crash In European Stocks (#GotBitcoin)

Cryptocurrency Litigation Tracker Shows Details Of More Than 300 Active And Settled Court Cases Since 2013

Bird Flu Outbreak Approaches Worst Ever In U.S. With 37 Million Animals Dead

Financial Inequality Grouped By Race For Blacks, Whites And Hispanics

How Black Businesses Can Prosper From Targeting A Trillion-Dollar Black Culture Market (#GotBitcoin)

Bitcoin Buyers Flock To Investment Clubs Such As “Black Bitcoin Billionaires” To Learn Rules of The Road

Ultimate Resource For Central Bank Digital Currencies (#GotBitcoin) Page#2

Meet The Crypto Angel Investor Running For Congress In Nevada (#GotBitcoin?)

Introducing BTCPay Vault – Use Any Hardware Wallet With BTCPay And Its Full Node (#GotBitcoin?)

How Not To Lose Your Coins In 2020: Alternative Recovery Methods (#GotBitcoin?)

H.R.5635 – Virtual Currency Tax Fairness Act of 2020 ($200.00 Limit) 116th Congress (2019-2020)

Adam Back On Satoshi Emails, Privacy Concerns And Bitcoin’s Early Days

The Prospect of Using Bitcoin To Build A New International Monetary System Is Getting Real

How To Raise Funds For Australia Wildfire Relief Efforts (Using Bitcoin And/Or Fiat )

Former Regulator Known As ‘Crypto Dad’ To Launch Digital-Dollar Think Tank (#GotBitcoin?)

Currency ‘Cold War’ Takes Center Stage At Pre-Davos Crypto Confab (#GotBitcoin?)

A Blockchain-Secured Home Security Camera Won Innovation Awards At CES 2020 Las Vegas

Bitcoin’s Had A Sensational 11 Years (#GotBitcoin?)

Sergey Nazarov And The Creation Of A Decentralized Network Of Oracles

Google Suspends MetaMask From Its Play App Store, Citing “Deceptive Services”

Christmas Shopping: Where To Buy With Crypto This Festive Season

At 8,990,000% Gains, Bitcoin Dwarfs All Other Investments This Decade

Coinbase CEO Armstrong Wins Patent For Tech Allowing Users To Email Bitcoin

Bitcoin Has Got Society To Think About The Nature Of Money

How DeFi Goes Mainstream In 2020: Focus On Usability (#GotBitcoin?)

Dissidents And Activists Have A Lot To Gain From Bitcoin, If Only They Knew It (#GotBitcoin?)

At A Refugee Camp In Iraq, A 16-Year-Old Syrian Is Teaching Crypto Basics

Bitclub Scheme Busted In The US, Promising High Returns From Mining

Bitcoin Advertised On French National TV

Germany: New Proposed Law Would Legalize Banks Holding Bitcoin

How To Earn And Spend Bitcoin On Black Friday 2019

The Ultimate List of Bitcoin Developments And Accomplishments

Charities Put A Bitcoin Twist On Giving Tuesday

Family Offices Finally Accept The Benefits of Investing In Bitcoin

An Army Of Bitcoin Devs Is Battle-Testing Upgrades To Privacy And Scaling

Bitcoin ‘Carry Trade’ Can Net Annual Gains With Little Risk, Says PlanB

Max Keiser: Bitcoin’s ‘Self-Settlement’ Is A Revolution Against Dollar

Blockchain Can And Will Replace The IRS

China Seizes The Blockchain Opportunity. How Should The US Respond? (#GotBitcoin?)

Jack Dorsey: You Can Buy A Fraction Of Berkshire Stock Or ‘Stack Sats’

Bitcoin Price Skyrockets $500 In Minutes As Bakkt BTC Contracts Hit Highs

Bitcoin’s Irreversibility Challenges International Private Law: Legal Scholar

Bitcoin Has Already Reached 40% Of Average Fiat Currency Lifespan

Yes, Even Bitcoin HODLers Can Lose Money In The Long-Term: Here’s How (#GotBitcoin?)

Unicef To Accept Donations In Bitcoin (#GotBitcoin?)

Former Prosecutor Asked To “Shut Down Bitcoin” And Is Now Face Of Crypto VC Investing (#GotBitcoin?)

Switzerland’s ‘Crypto Valley’ Is Bringing Blockchain To Zurich

Next Bitcoin Halving May Not Lead To Bull Market, Says Bitmain CEO

Tim Draper Bets On Unstoppable Domain’s .Crypto Domain Registry To Replace Wallet Addresses (#GotBitcoin?)

Bitcoin Developer Amir Taaki, “We Can Crash National Economies” (#GotBitcoin?)

Veteran Crypto And Stocks Trader Shares 6 Ways To Invest And Get Rich

Have I Missed The Boat? – Best Ways To Purchase Cryptocurrency

Is Chainlink Blazing A Trail Independent Of Bitcoin?

Nearly $10 Billion In BTC Is Held In Wallets Of 8 Crypto Exchanges (#GotBitcoin?)

SEC Enters Settlement Talks With Alleged Fraudulent Firm Veritaseum (#GotBitcoin?)

Blockstream’s Samson Mow: Bitcoin’s Block Size Already ‘Too Big’

Attorneys Seek Bank Of Ireland Execs’ Testimony Against OneCoin Scammer (#GotBitcoin?)

OpenLibra Plans To Launch Permissionless Fork Of Facebook’s Stablecoin (#GotBitcoin?)

Tiny $217 Options Trade On Bitcoin Blockchain Could Be Wall Street’s Death Knell (#GotBitcoin?)

Class Action Accuses Tether And Bitfinex Of Market Manipulation (#GotBitcoin?)

Sharia Goldbugs: How ISIS Created A Currency For World Domination (#GotBitcoin?)

Bitcoin Eyes Demand As Hong Kong Protestors Announce Bank Run (#GotBitcoin?)

How To Securely Transfer Crypto To Your Heirs

‘Gold-Backed’ Crypto Token Promoter Karatbars Investigated By Florida Regulators (#GotBitcoin?)

Crypto News From The Spanish-Speaking World (#GotBitcoin?)

Financial Services Giant Morningstar To Offer Ratings For Crypto Assets (#GotBitcoin?)

‘Gold-Backed’ Crypto Token Promoter Karatbars Investigated By Florida Regulators (#GotBitcoin?)

The Original Sins Of Cryptocurrencies (#GotBitcoin?)

Bitcoin Is The Fraud? JPMorgan Metals Desk Fixed Gold Prices For Years (#GotBitcoin?)

Israeli Startup That Allows Offline Crypto Transactions Secures $4M (#GotBitcoin?)

[PSA] Non-genuine Trezor One Devices Spotted (#GotBitcoin?)

Bitcoin Stronger Than Ever But No One Seems To Care: Google Trends (#GotBitcoin?)

First-Ever SEC-Qualified Token Offering In US Raises $23 Million (#GotBitcoin?)

You Can Now Prove A Whole Blockchain With One Math Problem – Really

Crypto Mining Supply Fails To Meet Market Demand In Q2: TokenInsight

$2 Billion Lost In Mt. Gox Bitcoin Hack Can Be Recovered, Lawyer Claims (#GotBitcoin?)

Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own (#GotBitcoin?)

Wesley Snipes Is Launching A Tokenized $25 Million Movie Fund (#GotBitcoin?)

Mystery 94K BTC Transaction Becomes Richest Non-Exchange Address (#GotBitcoin?)

A Crypto Fix For A Broken International Monetary System (#GotBitcoin?)

Four Out Of Five Top Bitcoin QR Code Generators Are Scams: Report (#GotBitcoin?)

Waves Platform And The Abyss To Jointly Launch Blockchain-Based Games Marketplace (#GotBitcoin?)

Bitmain Ramps Up Power And Efficiency With New Bitcoin Mining Machine (#GotBitcoin?)

Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens (#GotBitcoin?)

Miss Finland: Bitcoin’s Risk Keeps Most Women Away From Cryptocurrency (#GotBitcoin?)

Artist Akon Loves BTC And Says, “It’s Controlled By The People” (#GotBitcoin?)

Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens (#GotBitcoin?)

Co-Founder Of LinkedIn Presents Crypto Rap Video: Hamilton Vs. Satoshi (#GotBitcoin?)

Crypto Insurance Market To Grow, Lloyd’s Of London And Aon To Lead (#GotBitcoin?)

No ‘AltSeason’ Until Bitcoin Breaks $20K, Says Hedge Fund Manager (#GotBitcoin?)

NSA Working To Develop Quantum-Resistant Cryptocurrency: Report (#GotBitcoin?)

Custody Provider Legacy Trust Launches Crypto Pension Plan (#GotBitcoin?)

Vaneck, SolidX To Offer Limited Bitcoin ETF For Institutions Via Exemption (#GotBitcoin?)

Russell Okung: From NFL Superstar To Bitcoin Educator In 2 Years (#GotBitcoin?)

Bitcoin Miners Made $14 Billion To Date Securing The Network (#GotBitcoin?)

Why Does Amazon Want To Hire Blockchain Experts For Its Ads Division?

Argentina’s Economy Is In A Technical Default (#GotBitcoin?)

Blockchain-Based Fractional Ownership Used To Sell High-End Art (#GotBitcoin?)

Portugal Tax Authority: Bitcoin Trading And Payments Are Tax-Free (#GotBitcoin?)

Bitcoin ‘Failed Safe Haven Test’ After 7% Drop, Peter Schiff Gloats (#GotBitcoin?)

Bitcoin Dev Reveals Multisig UI Teaser For Hardware Wallets, Full Nodes (#GotBitcoin?)

Bitcoin Price: $10K Holds For Now As 50% Of CME Futures Set To Expire (#GotBitcoin?)

Bitcoin Realized Market Cap Hits $100 Billion For The First Time (#GotBitcoin?)

Stablecoins Begin To Look Beyond The Dollar (#GotBitcoin?)

Bank Of England Governor: Libra-Like Currency Could Replace US Dollar (#GotBitcoin?)

Binance Reveals ‘Venus’ — Its Own Project To Rival Facebook’s Libra (#GotBitcoin?)

The Real Benefits Of Blockchain Are Here. They’re Being Ignored (#GotBitcoin?)

CommBank Develops Blockchain Market To Boost Biodiversity (#GotBitcoin?)

SEC Approves Blockchain Tech Startup Securitize To Record Stock Transfers (#GotBitcoin?)

SegWit Creator Introduces New Language For Bitcoin Smart Contracts (#GotBitcoin?)

You Can Now Earn Bitcoin Rewards For Postmates Purchases (#GotBitcoin?)

Bitcoin Price ‘Will Struggle’ In Big Financial Crisis, Says Investor (#GotBitcoin?)

Fidelity Charitable Received Over $100M In Crypto Donations Since 2015 (#GotBitcoin?)

Would Blockchain Better Protect User Data Than FaceApp? Experts Answer (#GotBitcoin?)

Just The Existence Of Bitcoin Impacts Monetary Policy (#GotBitcoin?)

What Are The Biggest Alleged Crypto Heists And How Much Was Stolen? (#GotBitcoin?)

IRS To Cryptocurrency Owners: Come Clean, Or Else!

Coinbase Accidentally Saves Unencrypted Passwords Of 3,420 Customers (#GotBitcoin?)

Bitcoin Is A ‘Chaos Hedge, Or Schmuck Insurance‘ (#GotBitcoin?)

Bakkt Announces September 23 Launch Of Futures And Custody

Coinbase CEO: Institutions Depositing $200-400M Into Crypto Per Week (#GotBitcoin?)

Researchers Find Monero Mining Malware That Hides From Task Manager (#GotBitcoin?)

Crypto Dusting Attack Affects Nearly 300,000 Addresses (#GotBitcoin?)

A Case For Bitcoin As Recession Hedge In A Diversified Investment Portfolio (#GotBitcoin?)

SEC Guidance Gives Ammo To Lawsuit Claiming XRP Is Unregistered Security (#GotBitcoin?)

15 Countries To Develop Crypto Transaction Tracking System: Report (#GotBitcoin?)

US Department Of Commerce Offering 6-Figure Salary To Crypto Expert (#GotBitcoin?)

Mastercard Is Building A Team To Develop Crypto, Wallet Projects (#GotBitcoin?)

Canadian Bitcoin Educator Scams The Scammer And Donates Proceeds (#GotBitcoin?)

Amazon Wants To Build A Blockchain For Ads, New Job Listing Shows (#GotBitcoin?)

Shield Bitcoin Wallets From Theft Via Time Delay (#GotBitcoin?)

Blockstream Launches Bitcoin Mining Farm With Fidelity As Early Customer (#GotBitcoin?)

Commerzbank Tests Blockchain Machine To Machine Payments With Daimler (#GotBitcoin?)

Bitcoin’s Historical Returns Look Very Attractive As Online Banks Lower Payouts On Savings Accounts (#GotBitcoin?)

Man Takes Bitcoin Miner Seller To Tribunal Over Electricity Bill And Wins (#GotBitcoin?)

Bitcoin’s Computing Power Sets Record As Over 100K New Miners Go Online (#GotBitcoin?)

Walmart Coin And Libra Perform Major Public Relations For Bitcoin (#GotBitcoin?)

Judge Says Buying Bitcoin Via Credit Card Not Necessarily A Cash Advance (#GotBitcoin?)

Poll: If You’re A Stockowner Or Crypto-Currency Holder. What Will You Do When The Recession Comes?

1 In 5 Crypto Holders Are Women, New Report Reveals (#GotBitcoin?)

Beating Bakkt, Ledgerx Is First To Launch ‘Physical’ Bitcoin Futures In Us (#GotBitcoin?)

Facebook Warns Investors That Libra Stablecoin May Never Launch (#GotBitcoin?)

Government Money Printing Is ‘Rocket Fuel’ For Bitcoin (#GotBitcoin?)

Bitcoin-Friendly Square Cash App Stock Price Up 56% In 2019 (#GotBitcoin?)

Safeway Shoppers Can Now Get Bitcoin Back As Change At 894 US Stores (#GotBitcoin?)

TD Ameritrade CEO: There’s ‘Heightened Interest Again’ With Bitcoin (#GotBitcoin?)

Venezuela Sets New Bitcoin Volume Record Thanks To 10,000,000% Inflation (#GotBitcoin?)

Newegg Adds Bitcoin Payment Option To 73 More Countries (#GotBitcoin?)

China’s Schizophrenic Relationship With Bitcoin (#GotBitcoin?)

More Companies Build Products Around Crypto Hardware Wallets (#GotBitcoin?)

Bakkt Is Scheduled To Start Testing Its Bitcoin Futures Contracts Today (#GotBitcoin?)

Bitcoin Network Now 8 Times More Powerful Than It Was At $20K Price (#GotBitcoin?)

Crypto Exchange BitMEX Under Investigation By CFTC: Bloomberg (#GotBitcoin?)

“Bitcoin An ‘Unstoppable Force,” Says US Congressman At Crypto Hearing (#GotBitcoin?)

Bitcoin Network Is Moving $3 Billion Daily, Up 210% Since April (#GotBitcoin?)

Cryptocurrency Startups Get Partial Green Light From Washington

Fundstrat’s Tom Lee: Bitcoin Pullback Is Healthy, Fewer Searches Аre Good (#GotBitcoin?)

Bitcoin Lightning Nodes Are Snatching Funds From Bad Actors (#GotBitcoin?)

The Provident Bank Now Offers Deposit Services For Crypto-Related Entities (#GotBitcoin?)

Bitcoin Could Help Stop News Censorship From Space (#GotBitcoin?)

US Sanctions On Iran Crypto Mining — Inevitable Or Impossible? (#GotBitcoin?)

US Lawmaker Reintroduces ‘Safe Harbor’ Crypto Tax Bill In Congress (#GotBitcoin?)

EU Central Bank Won’t Add Bitcoin To Reserves — Says It’s Not A Currency (#GotBitcoin?)

The Miami Dolphins Now Accept Bitcoin And Litecoin Crypt-Currency Payments (#GotBitcoin?)

Trump Bashes Bitcoin And Alt-Right Is Mad As Hell (#GotBitcoin?)

Goldman Sachs Ramps Up Development Of New Secret Crypto Project (#GotBitcoin?)

Blockchain And AI Bond, Explained (#GotBitcoin?)

Grayscale Bitcoin Trust Outperformed Indexes In First Half Of 2019 (#GotBitcoin?)

XRP Is The Worst Performing Major Crypto Of 2019 (GotBitcoin?)

Bitcoin Back Near $12K As BTC Shorters Lose $44 Million In One Morning (#GotBitcoin?)

As Deutsche Bank Axes 18K Jobs, Bitcoin Offers A ‘Plan ฿”: VanEck Exec (#GotBitcoin?)

Argentina Drives Global LocalBitcoins Volume To Highest Since November (#GotBitcoin?)

‘I Would Buy’ Bitcoin If Growth Continues — Investment Legend Mobius (#GotBitcoin?)

Lawmakers Push For New Bitcoin Rules (#GotBitcoin?)

Facebook’s Libra Is Bad For African Americans (#GotBitcoin?)

Crypto Firm Charity Announces Alliance To Support Feminine Health (#GotBitcoin?)

Canadian Startup Wants To Upgrade Millions Of ATMs To Sell Bitcoin (#GotBitcoin?)

Trump Says US ‘Should Match’ China’s Money Printing Game (#GotBitcoin?)

Casa Launches Lightning Node Mobile App For Bitcoin Newbies (#GotBitcoin?)

Bitcoin Rally Fuels Market In Crypto Derivatives (#GotBitcoin?)

World’s First Zero-Fiat ‘Bitcoin Bond’ Now Available On Bloomberg Terminal (#GotBitcoin?)

Buying Bitcoin Has Been Profitable 98.2% Of The Days Since Creation (#GotBitcoin?)

Another Crypto Exchange Receives License For Crypto Futures

From ‘Ponzi’ To ‘We’re Working On It’ — BIS Chief Reverses Stance On Crypto (#GotBitcoin?)

These Are The Cities Googling ‘Bitcoin’ As Interest Hits 17-Month High (#GotBitcoin?)

Venezuelan Explains How Bitcoin Saves His Family (#GotBitcoin?)

Quantum Computing Vs. Blockchain: Impact On Cryptography

This Fund Is Riding Bitcoin To Top (#GotBitcoin?)

Bitcoin’s Surge Leaves Smaller Digital Currencies In The Dust (#GotBitcoin?)

Bitcoin Exchange Hits $1 Trillion In Trading Volume (#GotBitcoin?)

Bitcoin Breaks $200 Billion Market Cap For The First Time In 17 Months (#GotBitcoin?)

You Can Now Make State Tax Payments In Bitcoin (#GotBitcoin?)

Religious Organizations Make Ideal Places To Mine Bitcoin (#GotBitcoin?)

Goldman Sacs And JP Morgan Chase Finally Concede To Crypto-Currencies (#GotBitcoin?)

Bitcoin Heading For Fifth Month Of Gains Despite Price Correction (#GotBitcoin?)

Breez Reveals Lightning-Powered Bitcoin Payments App For IPhone (#GotBitcoin?)

Big Four Auditing Firm PwC Releases Cryptocurrency Auditing Software (#GotBitcoin?)

Amazon-Owned Twitch Quietly Brings Back Bitcoin Payments (#GotBitcoin?)

JPMorgan Will Pilot ‘JPM Coin’ Stablecoin By End Of 2019: Report (#GotBitcoin?)

Is There A Big Short In Bitcoin? (#GotBitcoin?)

Coinbase Hit With Outage As Bitcoin Price Drops $1.8K In 15 Minutes

Samourai Wallet Releases Privacy-Enhancing CoinJoin Feature (#GotBitcoin?)

There Are Now More Than 5,000 Bitcoin ATMs Around The World (#GotBitcoin?)

You Can Now Get Bitcoin Rewards When Booking At Hotels.Com (#GotBitcoin?)

North America’s Largest Solar Bitcoin Mining Farm Coming To California (#GotBitcoin?)

Bitcoin On Track For Best Second Quarter Price Gain On Record (#GotBitcoin?)

Bitcoin Hash Rate Climbs To New Record High Boosting Network Security (#GotBitcoin?)

Bitcoin Exceeds 1Million Active Addresses While Coinbase Custodies $1.3B In Assets

Why Bitcoin’s Price Suddenly Surged Back $5K (#GotBitcoin?)

Zebpay Becomes First Exchange To Add Lightning Payments For All Users (#GotBitcoin?)

Coinbase’s New Customer Incentive: Interest Payments, With A Crypto Twist (#GotBitcoin?)

The Best Bitcoin Debit (Cashback) Cards Of 2019 (#GotBitcoin?)

Real Estate Brokerages Now Accepting Bitcoin (#GotBitcoin?)

Ernst & Young Introduces Tax Tool For Reporting Cryptocurrencies (#GotBitcoin?)

Recession Is Looming, or Not. Here’s How To Know (#GotBitcoin?)

How Will Bitcoin Behave During A Recession? (#GotBitcoin?)

Many U.S. Financial Officers Think a Recession Will Hit Next Year (#GotBitcoin?)

Definite Signs of An Imminent Recession (#GotBitcoin?)

What A Recession Could Mean for Women’s Unemployment (#GotBitcoin?)

Investors Run Out of Options As Bitcoin, Stocks, Bonds, Oil Cave To Recession Fears (#GotBitcoin?)

Goldman Is Looking To Reduce “Marcus” Lending Goal On Credit (Recession) Caution (#GotBitcoin?)

Our Facebook Page

Your Questions And Comments Are Greatly Appreciated.

Monty H. & Carolyn A.

Go back

Leave a Reply