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JPMorgan Chase, the largest bank in the U.S, has begun suing more customers it has accused of stealing funds in last year’s so-called “infinite money glitch” scheme. The bank also revealed it’s going after customers who allegedly stole amounts below $75,000. A person familiar with the matter highlighted that the bank had sent letters to 1,000 customers demanding they repay funds since October. The individual also maintained that some people returned money on their own after reports were made the same month that the bank was going after potential fraudsters who had withdrawn the largest amounts. The largest bank in the U.S., JPMorgan Chase, has begun suing customers this week who were accused of stealing funds in last year’s so-called “infinite money glitch.” The financial institution revealed it’s now targeting customers who allegedly stole below $75,000. A person familiar with the matter argued that the bank will now have to file complaints in state courts instead of the federal courts it chose last year. The incident happened in late August last year and went viral in videos posted to social media, where customers withdrew the entire value of a fraudulent check before it bounced. The bank said in a suit filed Tuesday afternoon in Gwinnett County, Georgia, that “on August 29, 2024, a masked man deposited a check in Defendant’s Chase bank account in the amount of $73,000.00.” According to the financial institution, a series of cash withdrawals at two Chase branches in the state totaling $82,599 had been made by the time the check bounced six days later. The lawsuit indicated that the accused owes the bank $57,847.69 but hasn’t complied with requests to return the funds. According to a person with knowledge of the company’s deliberations, the bank is also filing lawsuits in state venues in Miami, Florida; the Bronx, New York; and Texas counties. The individual also mentioned that the bank looked at thousands of potential cases and chose to litigate the largest amounts with the clearest pattern of theft. “We’re still investigating cases of fraud and cooperating with law enforcement – and we’ll do that for as long as it takes to hold fraudsters accountable.” ~ Drew Pusateri, a spokesman for JPMorgan Chase. The New York-based bank is also considering pushing back against the bankruptcy filing of alleged “infinite money” fraudsters. The bank noted in one of its motions made this week in bankruptcy court in Grand Rapids, Michigan, it asked a judge for more time to object to the customer’s attempt to discharge his or her debts. JPMorgan alleged that it’s the “holder of an unsecured claim” that resulted from “actions taken by the Debtor to deposit a fraudulent check in the amount of $44,779.46.” The bank also added that the Debtors immediately made numerous cash withdrawals on August 30, 2024, as well as various Cash App transactions to himself. Pusateri argued that there are genuine and important reasons people use bankruptcy protections, but “getting rid of debts you accumulated through fraud isn’t one of them.” The bank had urged its customers not to commit check fraud after a viral trend took over TikTok and X in late August last year. Users were being told that there was a systemwide glitch and that if they deposited false checks in an ATM and withdrew that money soon afterward, they would be able to cheat the system and withdraw a large sum of cash before the check bounced. Chase reminded its customers that the supposed “glitch” was actually an invitation to commit fraud. The financial firm also added that “regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.” According to the meme database Know Your Meme, a conversation about the “glitch” was first mentioned on X, where a user shared an excessive balance of more than $80,000 in his account. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

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