JPMorgan Chase sues customers over TikTok infinite money glitch

Get this. Remember that whole “infinite money glitch” thing on TikTok last year? The one where people were supposedly printing money by depositing checks and withdrawing funds before they bounced?

Yeah, well, Chase Bank isn’t laughing. At all.

They’re actually suing people. Seriously.

TikTok Trend Turns Sour

Last summer, some Chase customers figured out they could deposit checks at ATMs, withdraw the cash before the check cleared, and… well, you can guess the rest.

It blew up. Lines at Chase banks. People trying to get rich quick. You know, the internet.

But Chase shut it down fast. Accounts frozen. Balances in the red. Ouch.

Now Comes the Lawsuits

They went after the big fish – people who took out $80,000 to $300,000. Federal court and everything.

Now? They’re going after folks who withdrew less than $75,000. State courts this time, according to CNBC.

Here’s the gist:

• Someone in Georgia deposited a $73,000 check.
• Withdrew funds before it bounced.
• Chase says they still owe almost $58,000.

And it’s not just Georgia. Similar lawsuits are popping up in Florida, New York, and Texas.

A Thousand Letters, a Lot of Trouble

Since October, Chase has sent letters to over 1,000 customers. Demanding money back. For participating in the glitch.

Think about it: Check fraud has skyrocketed since the pandemic, up 385% according to the U. S. Department of the Treasury. This isn’t just a TikTok fad. It’s a real problem.

Moral of the story? Maybe “infinite money glitches” aren’t so infinite after all. And definitely not worth a lawsuit.