Bangladesh eyes settlement in US cyber heist suit ahead of its own case
An Ecuadorian bank and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, providing a possible precedent for the Bangladesh central bank's planned suit to recover $66 million still lost in one of the world's biggest such cases. A suit by Ecuador's Banco del Austro against Wells Fargo & Co was quietly settled in February, less than a month before a trial date was set, and the U.S. district court in Manhattan sealed all discussions, according to court documents.
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