⚡ Large-Scale Bank Fraud Scheme Exposed in the U.S.
posted 17 Nov 2023
Three individuals in the United States have been arrested for allegedly stealing over $10 million from banks and financial
institutions, with the stolen funds later converted into
cryptocurrencies.
The culprits reportedly recruited individuals to open accounts in
various New York banks. They then executed transfers between these
accounts, subsequently claiming these transactions were unauthorized.
The banks' security systems, designed to temporarily credit compromised
accounts, inadvertently doubled the amount of money at the fraudsters'
disposal.
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