Nearly Half of All Zelle Scams at JPMorgan Chase and Other US Banks Traced To a Single Source: Report

A single company is fueling a massive volume of scams on the popular bank-owned payments network Zelle, according to a new report. Meta Platforms, through its flagship apps Facebook and Instagram, is becoming a “cornerstone of the internet fraud economy,” reports the Wall Street Journal. source: https://dailyhodl.com/2025/05/24/nearly-half-of-all-zelle-scams-at-jpmorgan-chase-and-other-us-banks-traced-to-a-single-source-report/