A Big Win for Cash App Users
Cash App users who faced unauthorized transactions or data breaches between August 23, 2018, and August 20, 2024, could be eligible for up to $2,500 from a $15 million class action settlement. The lawsuit against Cash App and its parent company, Block Inc., claimed the app failed to protect user data, leading to security issues like fraud and identity theft. Although the claim deadline was November 18, 2024, those who filed on time may receive payments by late 2025 or early 2026, depending on the final court approval on January 13, 2025. This settlement is a big deal for millions of users affected by these breaches, offering financial relief and a push for better security.
Why the Settlement Happened
The Cash App settlement came after two major data breaches. In 2021, a former employee accessed user data without permission, affecting 8.2 million customers. In 2023, hackers used linked phone numbers to access accounts, causing unauthorized transactions. The lawsuit accused Cash App of weak security measures, leading to a $15 million settlement to avoid a long legal battle. While Cash App denies wrongdoing, the fund compensates users for losses and time spent dealing with the fallout. This settlement highlights the importance of protecting user data in digital payment apps.
Who Can Get Paid?
To qualify for the settlement, you must meet these criteria:
- Had a Cash App or Cash App Investing account between August 23, 2018, and August 20, 2024.
- Experienced unauthorized access or fraudulent transactions during this period.
- Submitted a claim form by November 18, 2024, with proof like bank statements or police reports.
| Compensation Type | Amount |
|---|---|
| Financial Losses | Up to $2,500 |
| Time Spent | $25/hour, up to 3 hours ($75) |
| Credit Monitoring | Varies, based on costs |
How to Check Your Claim
If you filed a claim, you can track its status by visiting cashappsecuritysettlement.com and using your Claim ID and Confirmation Code. You can also call 1-866-615-9740 for updates. Make sure to check your email for notices about approval or requests for more documents. Payments may come via Zelle, PayPal, Venmo, direct deposit, or check, but the amount depends on how many claims are filed. If too many people claim, payouts may be reduced. Keep your contact and payment details updated to avoid delays.
What to Expect Next
The final court hearing was held on January 13, 2025, and if no appeals delay the process, payments could start by late 2025 or early 2026. Claimants should monitor the settlement website for updates and watch their accounts for deposits. If your claim is denied, you’ll get a notice explaining why, and you may be able to appeal or send more documents. This settlement not only offers money but also pushes Cash App to improve security, making digital payments safer for everyone.
Stay Safe and Informed
The Cash App settlement is a reminder to stay vigilant about online security. Check your accounts regularly for suspicious activity and report issues to Cash App and your bank right away. For those who filed claims, this could mean a nice payout for your troubles. Even though the deadline has passed, keep an eye on your claim status and stay updated through the official website. This settlement shows how important it is for companies to protect your data and what happens when they don’t.
