JPMorgan Chase & Co. has filed lawsuits against customers who allegedly exploited a glitch in the mobile banking app to steal thousands of dollars.
According to reports, the issue, sometimes referred to as the ‘infinite money glitch,’ allowed users to access credit way beyond their limits. Users then transferred these funds to their personal bank accounts or withdrew the money at ATMs.
JPMorgan has chosen to file lawsuits as a way to recover the stolen funds, and this could also potentially act as a deterrent for such instances in the future.
If you have any specific questions about this issue, feel free to ask!
