What went before: $81-million Bangladesh bank cyberheist
In September 2017, former Rizal Commercial Banking Corp. (RCBC) branch manager Maia Deguito was left to face trial alone for the $81-million cyberheist on Bangladesh Bank after the Department of Justice (DOJ) dropped the complaints against all her coaccused. Deguito was the manager of RCBCâs Jupiter Street branch in Makati City, which held the fake bank accounts where the stolen money from the Bangladesh central bank was deposited. ADVERTISEMENTIn February 2016, the yet-to-be-identified hackers initiated fake transfer orders that sought to move nearly $1 billion from Bangladesh Bankâs New York Fed account, mostly to accounts at RCBC. The money, Wong said, was brought in by a gaming client without informing him that the cash was obtained through illegal means. The Bangladesh central bank has been able to retrieve only about $15 million of the money stolen, mostly from Wong.