JPMorgan Chase Suing Customers for 'Infinite Money Glitch'

Back in August, TikTok users learned of a so-called "infinite money glitch" that allowed Chase customers to withdraw money from their accounts before checks bounced. Now, JPMorgan Chase is taking action against some of those customers. 

According to CNBC, the banking giant filed lawsuits in three federal courts with its sights set on those who withdrew the highest amounts by taking advantage of the technical glitch. Thousands of possible cases are seemingly involved, though the bank hasn't revealed just how much money it lost during the glitch. 

In one case in Houston, the bank is seeking $290,939.47 from one man after an accomplice deposited a fake $335,000 check at an ATM. "On August 29, 2024, a masked man deposited a check in defendant’s Chase bank account in the amount of $335,000," the bank said in its filing. "After the check was deposited, Defendant began withdrawing the vast majority of the ill-gotten funds."

The other suits are in courts including cases in Miami and the Central District of California. JPMorgan says these customers owe anywhere from $80,000 to $141,000, but reportedly, most of the cases being examined by the bank are for much smaller amounts. 

"Fraud is a crime that impacts everyone and undermines trust in the banking system,” JPMorgan spokesperson Drew Pusateri said in a statement to CNBC. "We’re pursuing these cases and actively cooperating with law enforcement to make sure if someone is committing fraud against Chase and its customers, they’re held accountable."