JPMorgan Chase sues TikTok users over ATM glitch fraud totaling $661,000

JPMorgan Chase has filed lawsuits against TikTok users who exploited an ATM glitch known as the "infinite money glitch." The bank claims users fraudulently withdrew over $661,000 by depositing counterfeit checks before they cleared. The lawsuits, filed on October 28, involve two individuals and two businesses in cities like Houston, Los Angeles, and Miami. The trend began in August 2024, with TikTok videos showing users celebrating their fraudulent gains. Chase has blocked the accounts involved and is cooperating with law enforcement. The bank emphasizes that depositing fraudulent checks is a crime that undermines trust in the banking system.