Several official and private investigators said they had hoped to make headway by following the money trail in the Philippines, but they told Reuters it has gone cold. They said the perpetrators probably knew the Philippines well and likely chose it because of the weakness of its money laundering laws.
The cyber-heist, one of the biggest-ever in the world, shouldn't be seen as just the hacking of a bank, said Augustus "Ace" Esmeralda, a Manila-based private investigator.
