JPMorgan Chase Sues Customers for Alleged Theft After Viral ‘Endless Money Crash’ Phenomenon

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

According to CNBCthe banking giant filed lawsuits in three federal courts, focusing on those who withdrew the largest sums by taking advantage of the technical glitch. It would seem that there are thousands of possible cases, though the bank did not disclose how much money he lost in the crash.

In one case in HoustonA bank is seeking $290,939.47 from one man after an accomplice deposited a fake check for $335,000 at an ATM. “On August 29, 2024, a masked man deposited a check into the defendant’s Chase bank account in the amount of $335,000,” the bank said in a statement. “After the check was deposited, the Defendant proceeded to withdraw the vast majority of the ill-gotten funds.”

Other lawsuits are pending in the courts, including cases in Miami and the Central District of California. JPMorgan says those customers owe between $80,000 and $141,000, but most of the cases the bank is handling reportedly involve much smaller amounts.

“Fraud is a crime that affects everyone and undermines trust in the banking system,” JPMorgan spokesman Drew Pusateri said in a statement to CNBC. “We are investigating these cases and actively working with law enforcement to ensure that if anyone commits fraud against Chase and its customers, they are held accountable.”