The Bangladesh Central Bank says it is hopeful it will get back all of its money after falling victim to a multi-million-dollar bank heist.
Bank robbers successfully made five transfers out of the Bangladesh bank's account at the New York Fed. The request appeared to come from a Bangladesh server, and they supplied the correct bank codes to authenticate the transfers, the New York Fed said.
Of the $101 million U.S. they stole, $80 million ended up in accounts located in the Philippines, and $21 million U.S. went to Sri Lankan accounts.
The Bangladesh Central Bank said it has recovered all the money it lost to Sri Lankan accounts, and has successfully frozen the accounts in the Philippines. It is "working closely" with the Philippine's Financial Intelligence agency to recover the money.
The robbers tried to steal $850 million U.S. more, but the New York Fed denied those transactions.
The funds were stolen on February 5, and were being held by the New York Fed, which maintains that it was not hacked.
The Wall Street Journal reports Philippines' Anti-Money Laundering Council will announce charges against the alleged robbers on Tuesday.
Spoofing servers is a common technique that hackers use to steal money and hide their tracks. It's akin to placing a phone call using a number from another area code -- one's call could be coming from Los Angeles but appear to be coming from Chicago. However, it's unclear how the robbers got those correct bank codes.
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