American bank Chase lost millions of dollars due to a bug in ATMs: hundreds of people got rich

A bug in Chase Bank's ATM system allowed hundreds of people to cash fake checks, resulting in the loss of millions of dollars. Videos of queues at ATMs and happy "rich people" quickly spread online.

Sep 2, 2024 - 17:36
Sep 2, 2024 - 17:36
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American bank Chase lost millions of dollars due to a bug in ATMs: hundreds of people got rich
Photo taken from public sources

The American bank Chase faced a major incident that led to multimillion-dollar losses. Due to a software glitch, the bank's ATMs began accepting fake checks and cashing out any amounts before processing the documents. This vulnerability allowed hundreds of people to unexpectedly enrich themselves before the bank discovered the problem and stopped the leak.

The incident became an Internet sensation when videos of long queues at ATMs and joyful people receiving "free money" began to spread massively on social networks. Despite the temporary happiness of the "rich", Chase Bank has already launched an investigation and will take measures to return illegally received funds.

This case raises serious questions about the security of banking systems and the possible consequences of such failures for financial institutions.

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