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Viral “Chase Bank Glitch” promised people free money
Albany

Viral “Chase Bank Glitch” promised people free money

In a not-so-shocking development, a viral TikTok trend once again turned out to be little more than a silly stunt that ruined the lives of those influenced.

The trend involved exploiting a bug in JPMorgan Chase ATMs that allowed users to deposit a check and immediately access the funds listed on it.

While this is check scam, it was shared on TikTok as a fun way to get free money.

In fact, Chase did have a glitch that allowed its ATMs to be exploited, but the company fixed the problem within days of its discovery, according to a representative familiar with the New York Post.

“We are aware of this incident and have addressed it. Regardless of what you see online, submitting a fraudulent check and withdrawing the funds from your account is fraud, plain and simple,” the spokesperson said.

Before the scam, some social media users shared videos of themselves withdrawing money from ATMs and celebrating. Some customers were filmed making it rain their ill-gotten loot in front of a Yonkers Chase Bank ATM.

Later in the video, the customers hung out their car windows with their Chase cards in their mouths and wads of cash in their hands. They also belted out “A Thousand Miles” by Vanessa Carlton, which was unusual for a group of men in their twenties, but they seemed to be having fun.

Until Chase caught up with her.

After the bug was fixed, Chase began correcting the fraudulent withdrawals by deducting the stolen funds from users’ accounts.

This resulted in massive overdraft debts and frozen bank accounts for some users.

A social media user shared a video of his Chase account showing nearly $40,000 in deductions after allegedly attempting to become a TikTok trend.

Another user had a negative balance of almost $11,000.

“Bro, what the hell, man. I know I shouldn’t have given in to that shit, man,” he says in the video. “That Chase Glitch shit, man, don’t do that shit.”

Jim Wang, a financial educator who works with the New York Postwarned that anyone who exploits this flaw will face serious consequences.

He told the newspaper that those who tried are now finding “big holds” or “huge negative balances” on their accounts. Wang warned that people who tried could get in “big trouble” because they would essentially be committing check fraud.

Austen Allred, CEO of the Bloom Institute of Technology, commented on the trend on X, calling it “check fraud” and criticizing TikTok for popularizing common criminal scams as life hacks.

“It seems like for every type of scam there is a TikTok influencer who just discovered it and thinks it’s foolproof,” he wrote.

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