@cbsnews: JPMorgan is suing customers it alleges took advantage of the so-called "infinite money glitch" – a technical glitch allowing people to steal hundreds of thousands of dollars from Chase ATMS. Customers were depositing counterfeit checks for large amounts of money and then withdrawing the funds before the bank could verify they were bogus – and sometimes, bragging about the viral loophole on social media. Head to cbsnews.com for more on the lawsuits.

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Region: US
Tuesday 29 October 2024 20:05:12 GMT
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that_one_guy_from
Rob DeNisi :
why would an ATM allow $300k withdrawal. lol. I have to fight to up my limit over $300. 😂😂
2024-10-30 03:40:33
21
junewey6
junewey6 :
Powerful!
2024-10-29 20:06:55
587
comeseelee33
Alicia :
thinking check fraud is a glitch is wild
2024-10-30 01:06:15
418
roadieelec6
DJ :
The dumbest thing is people were withdrawing from their own accounts. Like your information is tied to that account
2024-10-29 21:54:33
261
drewzilla20xd6
Drewzilla :
how do you draw a vast majority of 335k before they catch it? even baller account categories have a 10-50k daily withdrawal limit.
2024-10-29 21:11:07
23
will_pakerr
Will Schulz :
What about banks taking advantage of the infinite money glitch they created aka fractional reserve banking
2024-10-30 00:00:27
21
pearlinwonderland
pearlinwonderland :
It’s fraud, but can we discuss how much fraud JP Morgan has committed?!?! Krama is my kink
2024-10-29 20:21:04
19
reachednewheights
ReacherE :
The overdraft fee added hurt
2024-10-29 21:41:27
18
playajunk
playajunk :
needs to come out of the CEO's pay since it was the bank's fault that this could even happen in the first place. they did not have proper financial controls and now they're trying to flip the script
2024-10-29 21:49:37
10
turturro7
turturro7 :
Banks have your social security number, address, phone number and your entire credit history. People literally risk destorying their credit history.
2024-10-29 20:12:10
9
salsa_rick_tx
Geekwurx Games :
But it worked in monopoly lol
2024-10-29 20:36:11
7
ajeenyus
Kev :
All they did was play beat the bank. 😅 Like writing a check at a grocery store and then supposed to pay it off before the check posts but they had no intentions of paying it.
2024-10-29 21:28:00
6
anarrowdoorway
anarrowdoorway :
Ah yes, automated teller machine machines
2024-10-29 22:45:01
5
cloudcumputin
U Kraze ian :
wait how do you take out that money? isn't there a daily limit on physical withdrawals?
2024-10-30 02:16:27
4
wonderingoutdoorswander
WonderingOutdoorWanderer :
People need more integrity.
2024-10-29 21:04:50
4
followme2tenmillion
boomboom :
Not money glitch that’s called hot check.
2024-10-29 20:38:40
4
ashleysarah05
Ashley Sarah :
It wasn’t a glitch it was a felony
2024-10-29 20:46:21
3
angelmarcial89
Angel Marcial :
It’s not a money glitch and it’s not a glitch, that’s how the bank has always worked
2024-10-30 02:53:06
2
bionicwifflebat
bionicwifflebat :
isn't this how Elon is rich?? 😭
2024-10-29 21:58:28
2
poop23head
orangejulius :
you mean the banks that caused the last couple economic crisises?
2024-10-29 21:05:31
2
kaydimoon
OrangyMoon :
were people actually using their own bank account for this?
2024-10-30 04:02:45
1
upholstery68
David Jacques :
I recently deposited a check at my credit union bank. it read the check with the amount of $1500 but it was $500. I manually corrected it. It made me think about this Chase incident
2024-10-30 03:50:42
1
berlingonzalezz
BerlinGonzalez :
I don’t, but that’s because i actually work for a living 😂
2024-10-30 02:50:32
1
simplyready7
simplyready7 :
If the bank dod it to the customers, the customers would sue.
2024-10-30 00:03:45
1
saintgabriel82
stgabe40 :
Depositing a fraudulent check IS bank fraud, not a "glitch." The only glitch was a lack of system to prevent withdraws against unverfied checks. SMH
2024-10-29 23:17:40
1
orolin2040
Orolin2040 :
What I don't not understand is that when a large amount is deposited only a portion is released until verification unless you have the funds to back it, so how did they get so much?
2024-10-29 22:04:42
1
antiquemallrat2
Antique Mallrat :
There was never a “glitch”. 😂 Thats whats so stupid. Its normal for the balance to change unti the routing catches up to see the funds are not there
2024-10-29 21:37:30
1
alphabet_soup12
Austin :
a masked man? bro youre accessing your own bank account. they know who you are
2024-10-29 21:24:02
1
augustus.samuels
Danger Dan :
its.a.glitch!
2024-10-30 14:51:35
0
nothincanbearealcoolhand
Cool Hand Luke :
QUIT SAYING GLITCH!
2024-10-30 14:28:13
0
shadowmk0
shadowmk0 :
Good I hope they all go to prison for 20 years
2024-10-30 14:18:28
0
jestersdagger
𝔍𝔢𝔰𝔱𝔢𝔯 :
see, since we removed the "survival of the fittest" aspec of life, people have gotten stupid. Stupidity should hurt.
2024-10-30 14:17:11
0
themuffinmanactual
Wayne :
JPM suing a dry well for all it's water
2024-10-30 13:01:27
0
hugo323494
Rudy :
both are at fault JP for it's old outdated ways and obviously the people for obvious reasons
2024-10-30 12:53:20
0
preparefordarktimes
PrepareforDarktimes :
how did the people who participated in this think this was a good idea?
2024-10-30 12:20:38
0
greyyeti24
Greyyeti24 :
old news
2024-10-30 12:12:38
0
ajreed28
AJ :
Lots of idiots out here ruined their futures.
2024-10-30 11:34:07
0
alex96431
otterlyalex :
Let’s all hope they escape the country and get away with it.
2024-10-30 11:16:49
0
jessthetripp
Definitely not Jess Kay :
Too bad y’all didn’t try TD bank you would have gotten lost in their own legal battles. Fraud is fraud babes, now our tax $ gotta pay for your jail stay
2024-10-30 11:14:55
0
notajugguyjustthirsty
Not a Jug guy :
If chase lost a bunch of money why don’t they just ask for a bailout
2024-10-30 11:07:30
0
.pootakka
.POOTAKKA :
Apple paying people a million to hack their system, JP Morgan suing people 💀
2024-10-30 10:57:22
0
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