JPMorgan Chase is now taking legal action against customers who extracted money from the bank’s ATMs using an illicit banking “glitch.” The bank is suing people who allegedly pulled thousands of dollars from the banks’ ATMs over the summer using a check fraud scheme that went viral. The scheme centers on depositing a fake check […]
The post JPMorgan Chase Suing Customer Who Allegedly Pulled $290,939 From Bank Using Illegal ATM ‘Glitch’: Report appeared first on The Daily Hodl.
A JPMorgan Chase customer says she was shocked to see her account abruptly wiped out and placed nearly $50 billion in the negative. Gabe Flores went viral after sharing the story of his friend Maddie, who logged into Chase after a crazy night out and noticed her $76 savings balance had plunged into extremely deep […]
The post $49,999,999,697 Abruptly Exits Chase Bank Account in Massive Withdrawal After Customer Has ‘Crazy Night Out’: Report appeared first on The Daily Hodl.
Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded extra fees. An investor lost $64,000 to one platform after being asked for a “safety reserve” fee. The platforms are accused of exploiting social media […]
Visa and Mastercard are preparing to pay a massive settlement to US bank customers over controversial ATM fees. The settlement will resolve allegations that the payment giants conspired with JPMorgan Chase, Wells Fargo, Bank of America and other unnamed lenders to keep ATM surcharges artificially high. Specifically, Visa and Mastercard are accused of colluding with […]
The post $197,500,000 To Be Handed To Customers at JPMorgan Chase, Wells Fargo, Bank of America and Other US Lenders in Massive Visa and Mastercard Settlement appeared first on The Daily Hodl.
JPMorgan Chase is accused of allowing hundreds of thousands of dollars to exit a scammer’s account after the bank was warned of fraudulent activity. A new lawsuit from Massachusetts-based Baystate Health says the health care company fell for an email scam in November of 2022 and wired $700,000 to a fraudulent account at JPMorgan Chase. Baystate […]
The post JPMorgan Chase Allegedly Allows $205,542 Withdrawal After Bank of America Warns Cash Is Stolen, Belongs To Customer appeared first on The Daily Hodl.
California Attorney General Rob Bonta has announced a $3.9 million settlement with Robinhood Crypto for restricting cryptocurrency withdrawals and not fully disclosing trading practices. The settlement marks the first public action by California’s Department of Justice against a cryptocurrency firm. As part of the settlement, Robinhood must allow customers to withdraw cryptocurrencies to their own […]
A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new disclosures. California Court Upholds Bitcoin ATM Withdrawal Limit The California Department of Financial Protection and Innovation (DFPI) […]
Banking giant Wells Fargo reportedly drove a customer’s account into the negative for days over confusion about a paper check. Sacramento resident and longtime Wells Fargo customer Gerald Monroe Mann says he wrote a $400 check – and soon after discovered $4,000 had been withdrawn from his account, reports CBS News. After spending hours on […]
The post Wells Fargo Accidentally Drains $4,000 From Customer’s Bank Account, Pushing Balance Into Red for Days: Report appeared first on The Daily Hodl.
Cybersecurity researchers say scammers have found a sophisticated way to drain bank accounts directly from ATMs – without needing a debit card in hand. Experts at the cybersecurity software firm ESET say they’ve discovered a dangerous and unprecedented type of malware they’re calling NGate. To begin the attack, scammers deploy a phishing technique to embed […]
The post Scammers Triggering Unauthorized ATM Withdrawals, Draining Cash Directly From Victims’ Bank Accounts: Cybersecurity Researchers appeared first on The Daily Hodl.
British banking giant Starling Bank has apologized to a client after reportedly blocking his money transfer and forcing him to jump through a series of “absurd” hoops. Academic and professor John MacInnes says Starling froze a transfer of about $16,789 that he was making to a friend in Austria who he’s known for over 20 […]
The post Billion-Dollar Bank Apologizes After Accusing Client of Scam in ‘Kafkaesque’ Money Freeze: Report appeared first on The Daily Hodl.
