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Primary method of JPMorgan's fund recovery from 'infinite money glitch' by end of 2024?
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Story
JPMorgan, Largest US Bank, Sues Customers for Exploiting Viral 'Infinite Money Glitch'
Oct 28, 2024, 10:56 PM
JPMorgan Chase, the largest US bank, has initiated legal action against customers who allegedly exploited a technical glitch, known as the 'infinite money glitch,' to withdraw thousands of dollars from ATMs before checks bounced. This glitch, which went viral on TikTok, allowed individuals to improperly access funds, leading to significant financial losses for the bank. JPMorgan is seeking the return of the stolen funds, along with interest, overdraft fees, lawyer fees, and in some cases, punitive damages. One notable case involves a man in Houston who owes the bank $290,939.47 after an accomplice deposited a counterfeit $335,000 check. The bank is also exploring the possibility of pursuing criminal charges for fraud.
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