Last month, a trend colloquially known as the "Chase glitch" started making the rounds on TikTok. In a nutshell, people believed by writing themselves bad checks, then withdrawing funds from an ATM before said bad checks could bounce, they discovered a "glitch" or "hack" granting them free money.

In actuality, these individuals committed check fraud and a host of other financial crimes that they're now having to face the music for. Within about two days of this going viral, Chase released a statement warning people not to engage in this trend.

The bank also began its monetary recovery process via locking down "Chase glitch" participants' checking accounts before hitting them with negative balances that equal the amount of money stolen.

Not too long after that, the financial institution confirmed its work with law enforcement to retrieve the aforementioned funds. More recently, JPMorgan Chase has also begun suing individuals who defrauded them.

What to know about "Chase glitch" lawsuits

According to the bank, participants in this ill-fated TikTok trend stole hundreds of thousands of dollars. Now, JPMorgan intends to recover every single penny, along with subsequent interest and overdraft fees.

Individuals who flashed their "funds" from Chase ATMs on social media will soon regret it, if they don't already. During this week alone, the financial institution sued businesses and individuals alike for amounts totaling $661,000 and $335,000.

At this time, it has yet to be publicly announced how many people stole money as part of the "Chase glitch." However, the bank is taking this seriously and those who did engage will have to face the music.

Slam dunk legal suits

JPMorgan will have a relatively easy time holding these individuals accountable. ATM machines come with cameras. Plus, checking accounts are linked to each person's name, address, Social Security number, and phone number.

If that wasn't enough, several participants in the "Chase glitch" bragged about the funds they obtained in TikTok videos. Some folks have since deleted such incriminating content; though TikTok will have a fairly easy time recovering the footage.

In the weeks to come, more developments on this "Chase glitch" trend and the ensuing ramifications can be expected.