$1.66M in Limbo After FBI Seizes Funds from Cyberheist
Summary: Hackers stole the username and password for Luna & Luna's account at Texas Brand Bank and, between June 21 and July 2, 2012, took roughly $1.75 million in three wire transfers, two of them to an Industrial and Commercial Bank of China account tied to Jixi City Tianfeng Trade Limited Company. The bank reimbursed the escrow funds held for HUD, then sued Luna in July 2013 for the approximately $1.66 million it could not claw back, and an FBI agent later told Luna the money was sitting frozen at JPMorgan Chase, the receiving bank.
What you should know: Luna had been offered dual controls, which require two employees to sign off on every wire transfer, and refused them - and more than two years later the $1.66 million is still frozen while the FBI investigation continues and no criminal charges have been filed.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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