Australian bartender spent $1.6 million in 5 months due to ATM glitch - Business Insider

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Australian bartender tells the story of how he once spent $1.6 million in 5 months after discovering an ATM glitch

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An Australian bartender found a glitch in an ATM that allowed him to spend $1.6 million that he didn't have in 5 months,The man, Dan Saunders, made transfers back and forth between his accounts and withdrew money without the bank detecting that the accounts were overdrawn.

In the early hours of the morning, the ATM machines went offline, disconnecting from the bank. Saunders saw there was a delay between the withdrawal and bank's system documenting the transaction — so long as he transferred money between accounts during the ATM's offline hours, he could withdraw large sums of cash without the accounts appearing overdrawn.

"If you have imagination and money, you're able to help people live their wildest dreams," Saunders told VICE. "It's a super addictive fun thing to do, especially when the money literally comes from 'thin air.' People who think you've got money, they treat you differently."

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