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Will JPMorgan implement new ATM security measures by mid-2025?
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JPMorgan Chase Sues Customers Over Viral TikTok ATM "Infinite Money Glitch" Fraud
Oct 28, 2024, 07:50 PM
JPMorgan Chase, the largest U.S. bank, has begun suing customers who allegedly exploited a technical glitch at ATMs, known as the "infinite money glitch," to withdraw thousands of dollars before checks bounced. The glitch, which went viral on TikTok, allowed customers to deposit invalid checks and withdraw funds immediately. JPMorgan is considering pursuing criminal charges for fraud against those involved. One case involves a man who owes the bank $290,939.47, and another involves a customer in Texas who deposited a bogus $335,000 check.
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