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TikTok Users Exploiting Chase Bank ‘Glitch’ Were Really Just Committing Check Fraud

A Chase ATM “glitch” that allowed customers to deposit counterfeit checks and then withdraw large amounts of cash has prompted TikTok users to post videos online bragging about their ill-gotten gains, but experts warn that this is not a harmless trick – it's an outright check scam that could have serious legal consequences. Daily Mail […]

TikTok ‘Chase bank glitch’ shows people trying to exploit ATMs

A new trend on TikTok sees people trying to take advantage of a Chase ATM “glitch” to offer up “unlimited free money,” but it quickly becomes clear that banks and their money are not so easily given up. Experts say the “glitch” video closely resembles one of the oldest forms of fraud: check fraud. Videos […]

Qantas blames computer glitch for massive discount on first-class tickets

Qantas Airways has sold hundreds of first-class seats on flights between the United States and Australia at 85 percent off the regular price, the airline said on Monday. Australian airlines claim a coding error was what allowed 300 passengers to secure discounted tickets within eight hours last Thursday. Instead of paying the regular fare (which […]

Hungary central bank tells lenders to reimburse clients after Apple glitch By Reuters – Investing.com

BUDAPEST (Reuters) – Hungary’s central bank on Saturday instructed the country’s financial institutions to immediately start refunding customers after Apple Inc’s (NASDAQ:) electronic payment service mistakenly charged hundreds of thousands of accounts in the country earlier this week. The central bank said some 780,000 erroneous charges totalling more than 2 billion forints ($5.43 million) had […]

NYSE trading glitch costs Interactive Brokers $48mn – Financial Times

Get your free copy of Editor’s Digest FT editor Roula Khalaf picks her favourite stories in this weekly newsletter. A trading glitch on the New York Stock Exchange last month caused Interactive Brokers to lose $48 million after clients tried to buy large amounts of Berkshire Hathaway shares after they plummeted 99%. The company said […]