$951M Was Already Moving. Then Someone Noticed

In February 2016, hackers submitted thirty-five fraudulent transfer requests from Bangladesh's central bank to the Federal Reserve Bank of New York. $951 million was already moving. Four transfers cleared completely. One didn't. A routing bank clerk noticed a spelling mistake. Update as of September 2025: Following nearly a decade of legal proceedings, Bangladesh authorities announced the seizure of the full $81 million from Rizal Commercial Banking Corporation in Manila, on court orders under Philippine and Bangladeshi law. This is a simplified account of complex events based on publicly available reporting. It does not constitute financial, legal, or investment advice. 0:00 The Heist 1:08 What SWIFT Is 2:40 The Hack 5:13 The Timing 6:41 The Spelling Mistake 7:28 The Manila Exit 8:42 The Consequences 10:22 What the Public Record Shows