Spelling mistake prevented hackers taking $1bn in bank heist

New York Fed reveals spelling of 'foundation' as 'fandation' prompted bank to seek clarification and stop transfer, but hackers still got away with about $80m

A spelling mistake in an online bank transfer instruction helped prevent a nearly $1bn heist last month involving the Bangladesh central bank and the New York Fed, banking officials said.

Unknown hackers still managed to get away with about $80m, one of the largest known bank thefts in history.