JPMorgan Chase has filed multiple lawsuits against individuals accused of exploiting an ATM glitch that allowed them to withdraw hundreds of thousands of dollars using counterfeit checks. Known as the “infinite money glitch,” the viral scheme circulated on social media, encouraging users to deposit fake checks and quickly withdraw funds before the checks bounced.
The glitch, which went viral over the summer on platforms like TikTok, led to several alleged instances of fraud totaling over $661,000 across four cases. One Houston case reportedly involved a withdrawal of nearly $291,000 after a masked accomplice deposited a counterfeit check for $335,000. While Chase promptly warned of the consequences, some users moved forward, falsely believing they’d found a legal “hack” to access quick cash.
Lawsuits have been filed in major cities including Los Angeles, Miami, and Houston, with JPMorgan seeking not only to recover the lost funds but also interest, overdraft fees, and legal expenses. The bank emphasized that fraud of this nature affects everyone, undermining trust in the financial system. “Fraud is a crime,” a JPMorgan representative said, “and we’re cooperating with law enforcement to ensure those committing it are held accountable.”
