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Turkish brothers are taking advantage bank Security loophole to seize billions

by Ayaz Ahmet
July 3, 2023
in World
2 min read
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two brothers in Police briefly detained a woman in her 20s this week after they allegedly moved themselves 16 billion Turkish liras ($1.08 billion) over a loophole. in The mobile banking app of a private bank. The two brothers, RG and EG, were arrested, but released with Judicial oversight has had bank frozen accounts.

The suspects allegedly discovered a loophole that allowed them to withdraw cash as they are wanted Through a connected investment account via The bank’s mobile Implementation. Account Taken for Customers who make inventory tradingIt is reported that he suffers from a defect over Two days allowed the brothers to make nearly 70 withdrawals.

Egg told investigators that he doesn’t have it money in The account when he checked it on February 26. Select “Investment Account” option on Application when the list came up and asked him to write in The amount of cash he is wanted To pull. “me randomly Wrote a number and saw amount I wrote it was transferred to my account. I decided to try writing more And every time amount It was transferred to my account.” EG was quick to do so spend The money. On the same day, send 300,000 TL ($20,215) to purchase mobile phone and car online But the transfer was banned. He said that he was able to withdraw about 40,000 Turkish liras from ATMs and next Today, he proceeded to withdraw more money from him “new16 billion TL account.

“You said this to me family We decided to pay off the outstanding debts of anyone taught us. I did this with Mine brother We transferred 80,000 TL to my relatives in debt“The two brothers were arrested just two days later when a bank official He invited them to inquire about ‘Colossal amount of money“Transfer to their account. The brothers said official They transferred it from their investment account, but the account was blocked while on the phone call. RG said they used the discount card associated with the account first buy Three mobile phones for 100,000 TL and then withdrew money from ATMs. “We delivered 300,000 TL to A car sales representative for purchase a car. got money Via online account but the transfer is then blocked by bank, He said. RG admitted that some of the relatives who sent them money To be able to withdraw money Some have spent it.

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