JPMorgan Chase Sues More Customers Over 'Infinite Money Glitch'

JPMorgan Chase has filed lawsuits against more customers it believes exploited a system error last year, often referred to as an "infinite money glitch." The bank alleges these individuals withdrew funds beyond their account balances by taking advantage of the glitch.

The lawsuits seek to recover the money JPMorgan Chase says was improperly obtained. The bank has not disclosed the total amount of money lost due to the glitch, but it is clearly substantial enough to warrant legal action against numerous customers. The exact mechanics of the "infinite money glitch" have not been publicly detailed by JPMorgan Chase, but reports suggest it involved a flaw in how transactions were processed, allowing some customers to withdraw more money than they actually had in their accounts.

This is not the first wave of lawsuits filed by JPMorgan Chase related to this incident. The bank has been actively pursuing legal remedies to recoup the funds and hold those responsible accountable. The outcome of these lawsuits could have significant implications for both JPMorgan Chase and the customers involved.