The $1 billion bank heist that a typo stopped

Two significant financial thefts highlight systemic vulnerabilities. In February 2016, attackers infiltrated Bangladesh Bank's network to manipulate SWIFT messaging, attempting a $1 billion heist by impersonating the central bank to request funds. Separately, the crypto exchange Binance suffered a massive $6.3 billion heist. While the Bangladesh Bank incident focused on process failures rather than hacking the SWIFT network itself, the Binance event provides critical insights into security risks within the broader cryptocurrency sector.