JP Morgan Sues Customers Over Abuse Of 'Infinite Money Glitch' That Went Viral On TikTok

Benzinga

JPMorgan Chase has filed lawsuits against customers accused of exploiting a technical glitch that enabled them to withdraw thousands of dollars from ATMs before checks bounced. In recent filings across federal courts, JPMorgan is targeting individuals who allegedly took advantage of the glitch, which gained notoriety on TikTok and other social media platforms. The bank closed the loophole shortly after discovery and is now focused on recovering funds.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02JPMorgan Chase has filed lawsuits against customers accused of exploiting a technical

00:07glitch that enabled them to withdraw thousands of dollars from ATMs before checks bounced.

00:12In recent filings across federal courts,

00:14JPMorgan is targeting individuals who allegedly took advantage of the glitch,

00:18which gained notoriety on TikTok and other social media platforms.

00:22But the bank closed the loophole shortly after discovery and is now focused on recovering funds.

00:27For all things money, visit Benzinga.com slash GSTV.

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