Hackers Steal $32 Mln From Russian Central Bank, Trustless Bitcoin Offers More Security

The Bank of Russia has become the third central bank this year targeted by external attacks, losing over $31 mln or 2 bln rubles from its correspondent bank accounts.

A correspondent bank account, also known as a Vostro account, is created by banks to settle transactions on behalf of its clients or partner financial institutions. In most cases, a correspondent bank account holds the funds of top-tier clients or high profile investors of the central bank.