Cash App’s $15 Million Legal Settlement: Are You Eligible for Up to $2,500? Find Out Now

Cash App and its parent company, Block Inc., have reached a $15 million settlement to resolve a class-action lawsuit stemming from data breaches that exposed sensitive customer information. The lawsuit covers incidents between August 23, 2018, and August 20, 2024, where approximately 8.2 million users were affected. Those eligible can claim compensation of up to $2,500 for documented losses. While Cash App and Block Inc. deny any wrongdoing, they agreed to the settlement to address user concerns and claims.

What Led to the Settlement?

The lawsuit arose after two major security breaches:

• 2022 Incident: A former Cash App employee accessed sensitive user data without authorization.
• 2023 Incident: Recycled phone numbers linked to Cash App accounts were exploited, leading to further exposure of user information.

These breaches raised significant privacy concerns, prompting the class-action lawsuit to seek accountability and compensation for affected users.

Who Is Eligible for Compensation?

To qualify for reimbursement, you must meet the following criteria:

1. Account Usage: You used Cash App or Cash App Investing between August 23, 2018, and August 20, 2024.
2. Experienced Losses or Breaches: This includes unauthorized transactions, fraudulent withdrawals, or breaches of personal data.

Only one claim is permitted per individual, even if you have multiple Cash App accounts. When filing, list all account names (or $Cashtags) associated with your accounts.

How to File a Claim

Filing a claim is a straightforward process, and you can choose either an online or mail submission:

• Online: Visit CashAppSecuritySettlement.com and use your unique notice ID and confirmation code, if available.
• By Mail: Download and print the claim form from the settlement website or request a mailed form by calling 1-866-615-9740. Submit the completed form to the address provided.

The deadline to submit claims is November 18, 2024.

Compensation Details

Eligible claimants can receive reimbursement for:

• Out-of-Pocket Losses: Costs like identity theft protection, credit monitoring, or bank account changes. Proof such as receipts or bank statements is required.
• Lost Time: Compensation for up to three hours spent addressing issues caused by the breaches, at a rate of $25 per hour. Provide a detailed timeline of activities.
• Unauthorized Transactions: Reimbursement for financial losses from fraudulent transactions. Supporting documents, such as bank statements or fraud reports, are necessary.

What Happens Next?

The final settlement approval hearing will take place on December 16, 2024, in the U.S. District Court for the Northern District of California. Once the court approves the settlement, payments will be distributed within 9–12 months.

This settlement represents a step toward accountability and financial relief for affected users. If eligible, ensure you file your claim promptly to secure your compensation.