CURRENT AFFAIRS

Detailed explanation-1: -Dhaka/Manila: Bangladesh’s central bank governor resigned on Tuesday over the theft of $81 million from the bank’s US account, as details emerged in the Philippines that $30 million of the money was delivered in cash to a casino junket operator in Manila.

Detailed explanation-2: -The Bangladesh Bank robbery: How the heist happened The hackers, whom American investigative agencies believe are linked to North Korea, used fraudulent orders on the SWIFT payments system to steal US$951 million, which was almost all the money in that account, from Bangladesh’s central bank account.

Detailed explanation-3: -When one hacker broke into the system and stole $610 million, it became the biggest crypto theft ever. Naturally Poly Network was hugely embarrassed, sending out a desperate plea on Twitter: “The amount of money you hacked is the biggest one in the defi history.

Detailed explanation-4: -The investigation takes three years, and on May 22, 2019, the DOJ charges bank executives Raul Victor Tan, Romualdo Agarrado, Brigitte Capiña, Ismael Reyes and Angela Ruth Torres.

Detailed explanation-5: -Thirty transactions worth US$851 million were flagged by the banking system for staff review, but five requests were granted; US$20 million to Sri Lanka (later recovered), and US$81 million lost to the Philippines, entering the Southeast Asian country’s banking system on 5 February 2016.