A significant ATM heist occurred in New York City over the weekend of July 11, where approximately $17 million was withdrawn using prepaid DashPay debit cards. These cards, issued to participants of the Summer Youth Employment Program for low-income youth, featured a harmful glitch allowing unlimited cash withdrawals. Initially limited to $200 daily, youths discovered the glitch allowed them to withdraw far beyond this limit, leading to widespread social media promotion and a frenzied black market. The glitch exploited, the ATM withdrawals took place across various bodegas and delis, creating chaos and unauthorized transactions.
"In just 48 hours, some $17 million was taken from ATMs in New York City due to a glitch in prepaid DashPay debit cards issued to teens."
"The Summer Youth Employment Program connects low-income youth to paid work, issuing prepaid debit cards for access to their earnings, which led to the ATM heist."
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