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Misleading headline, given the first line of the piece is "The story of the theft of $100 million from the Bangladesh central bank"
by gjem97 11y ago
Misleading headline, given the first line of the piece is "The story of the theft of $100 million from the Bangladesh central bank"
- wheaties 11y agoThe money was held in the Fed.
- nibs 11y agoThe money was the Fed's money but it was stolen by hacking the Bangladesh CB. It is both true and misleading.
- Someone1234 11y agoYeah the article's title is true but misleading. They hacked the Bangladesh Central Bank, but stole money from the New York Fed. It is even debatable if the NY Fed is even at fault given that the hackers had legitimate credentials to make the transfer (the Bangladeshis are arguing that the NY Fed is still responsible because they should have flagged the Casinos as unusual and stopped it). You'd think that with accounts as large as these they would have a "whitelist" of valid accounts to transfer funds to, and some long convoluted process to add additional whitelist entries.
- CPLX 11y agoIn the context of the New York Fed transactions of tens of millions of dollars, as in this example, are essentially tiny.
- dang 11y ago"... by way of the New York Federal Reserve". That's ambiguous enough to make it not at all obvious what an accurate, neutral title would be. We're happy to have people suggest one, but don't have time to study this case.
- Thriptic 11y agoZH hates the fed so I'm sure they're eager to imply that the fed is somehow at fault, even if doing so is a stretch. Notice all the non-value add editorial jabs at the fed sprinkled throughout the piece.