JPMorgan is dealing with a major issue after a TikTok viral hack exposed a glitch in its ATMs. The glitch allowed people to deposit checks and access the funds immediately, even before the checks cleared. Essentially, the glitch gave a three-day window to withdraw money, even if the check would eventually bounce. Two individuals and two companies exploited this flaw, taking out over $661,000. JPMorgan is now suing them to recover the funds, which they haven’t fully recouped. In one instance, someone even wore a ski mask to the ATM, despite using their own card and PIN, knowing the transaction was fraudulent.
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