The $50Million Woodberry stole from Chicago companies might never be retrieved.
Woodberry successfully defrauded two Chicago based companies in the tune of $15 million through the use of fake email appearing to have come from the companies chief account officer.
“They were able to gain access to the company’s email account though a phishing attack. In one of the chicago cases, they allegedly sent an email that appears to be from the company’s accounting officer to another employee ordering a transfer”. Report Reads.
It was also reported that the fraudulent email was almost identical to the prior legitimate email but the account number was different.
The $50Million might never be retrieved because it was converted to Bitcoin — The blockchain system is too sophisticated.