Introduction
Cash App Settlement: How to Claim Your Share of the $15 Million Payout
Millions of humans use Cash App, and in mid-2024, the business enterprise agreed to a $15 million class-action settlement over data safety breaches. The proposed agreement influences anybody who used Cash App in the closing six years and suffered unauthorised right of entry to their account or fraudulent transactions. Eligible users can claim as much as $2,500 (or more, depending on the declaration) from the agreement fund. This blog post explains the Cash App agreement details—what the agreement is, the history and timeline of the case, who qualifies, the way to report a claim, and key dates. It also covers what the agreement approach is for customers and for Cash App. All information is based on legitimate notices and news reviews through June 2025.
What Is the Cash App Settlement?
The Cash App agreement stems from a class-action lawsuit over information-safety incidents. Plaintiffs allege that during 2022 and 2023, Cash App failed to defend personal information: in one case, a former employee accessed users’ account records without permission, and in every other case, an unauthorised character accessed debts through the use of recycled phone numbers. Block, Inc. (Cash App’s parent) and Cash App Investing deny any wrongdoing but agreed to pay $15 million to settle the claims. This Cash App information security settlement is meant to reimburse customers who misplaced cash or spent time solving issues caused by the breaches.
According to the agreement, be aware that the parties contested liability, but Block and Cash App “installed a Settlement Fund of $15,000,000” for class participants. After prices and costs, the fund will cover valid claims for out-of-pocket losses, documented transaction losses, and limited compensation for time spent on breach-associated troubles. All Cash App users who meet the standards are taken into consideration as part of the settlement elegance until they exclude themselves.
Background and Timeline
The class-action criticism was filed in early 2024 and centres on safety incidents. One involved an inner breach: a former Cash App Investing worker allegedly downloaded consumer records without permission in 2022. The other became an external assault in 2023, when unauthorised people accessed a few Cash App debts by exploiting recycled smartphone numbers connected to those accounts. Users mentioned losing funds, incurring fees, and spending hours resolving issues after these incidents. For example, one plaintiff said she spent over 100 hours solving her compromised account.
The lawsuit claims Cash App and Block were negligent in not preventing those breaches and in no longer dealing with users’ complaints properly. Block and Cash App deny those allegations but agreed to settle. In August 2024, news outlets reported that Cash App had agreed to a $15 million proposed agreement to settle the case. A final approval hearing was set to start on December 16, 2024, and was later rescheduled to January 13, 2025. At that hearing, a judge would determine whether or not to approve the agreement. If permitted, the claims could move ahead, and bills could be distributed to claimants as soon as possible.
Who Is Eligible for the Cash App Settlement?
Not everyone who uses Cash App qualifies—you should meet the eligibility criteria. In trendy, contemporary, or former Cash App clients are included if they meet the following conditions during the coverage duration (August 23, 2018, to August 20, 2024):
Your Cash App or Cash App Investing account was accessed or received without your permission.
Your account experienced unauthorised, unintended, or fraudulent withdrawals or transfers of funds.
You had an unresolved account mistake (e.g., Cash App failed to accurately correct a mistake or credit your account properly).
In simple terms, in case you used Cash App in the past six years and were affected by a data breach or unauthorised activity as defined above, you’re probably a part of the Cash App settlement class. For instance, if someone broke into your account or made fraudulent transactions, or if Cash App mishandled your complaint approximately such a time, you may claim benefits.
Membership in the elegance is computerised if you meet the standards. However, the most effective are those who post a valid declaration shape and will receive any payment. Those who do nothing continue to be in the class and can’t sue one at a time, but in addition, they don’t get money. If you watched and should be excluded or need to dispute the settlement, you need to decide to opt out or itemise by the cut-off dates defined below.
What Compensation Can You Receive?
Under the agreement terms, eligible claimants may be reimbursed for up to $2,500 in out-of-pocket losses by the terms. These include things like financial institution expenses, fraudulent transfers, credit monitoring expenses, or other direct costs caused by the breach. In addition, the settlement affords $25 consistent with the hour (up to 3 hours) to catch up on time dealing with these troubles. Finally, in case you lost budget via unauthorised transactions and have evidence, you could declare those transaction losses as well—again, up to the in-step-with-man-or-woman cap.
All claims must be documented. The settlement calls for “third-party documentation” for claims—for instance, receipts, bank or credit card statements, invoices, or credit reports. Only losses incurred due to the breaches or associated mistakes count. Duplicate or fraudulent claims risk disqualification.
Payments from the fund might be proportional. The $15 million covers all valid claims plus attorneys’ expenses and administrative charges. If the total claimed exceeds the fund, payments can be scaled down so everyone shares the pool fairly. Actual awards rely upon the range of claimants and their documented losses.
Key factor: It isn’t always a guaranteed $2,500 to all and sundry; it is as much as $2,500 for eligible documented losses.
How to Claim Your Share of the Settlement
If you qualify, you must actively put up a claim form to receive a commission. Here’s how:
Get the Claim Form:
Visit the legit settlement website at www.Cashappsecuritysettlement.com. You can fill out the form online or download a paper form. You can also request one by calling 1-866-615-9740.
Fill Out the Form:
Provide your private and Cash App account facts, details about the incident, and supporting files. You can post claims for out-of-pocket loss, lost time, or transaction losses. Use any observer ID supplied to you; however, you could nevertheless submit a declaration even in case you didn’t acquire one.
Submit by the Deadline:
Submit the completed form by November 18, 2024, 10:59 PM PT. Mailed forms have to be postmarked with the aid of this date. The mailing address is
- Cash App Settlement
- Attn: Claim Form Submissions
- 1650 Arch Street, Suite 2210
- Philadelphia, PA 19103
Documentation:
Attach applicable documents, which include financial institution statements, receipts, or credit score reports. For misplaced time claims, describe what obligations you probably fulfilled and what kind of time you spent.
Once submitted, your declaration can be reviewed. If approved, the fee may be sent after the very last court docket approval.
Important Dates and Deadlines
Here are the important cut-off dates for the Cash App settlement:
- Claim Filing Deadline: November 18, 2024 (10:59 PM PT)
- Opt-Out/Objection Deadline: November 1, 2024
- Final Approval Hearing: January 13, 2025
- Payments Begin: To be announced after court approval.
What This Means for Cash App Users and the Company
For Cash App users, this settlement gives reimbursement for issues resulting from information breaches. If you suffered unauthorised transactions, monetary losses, or wasted time, you could be reimbursed. Filing a declaration is straightforward and will suggest meaningful reimbursement when you have documentation.
For Cash App/Block, Inc., the agreement represents closure on a criminal matter. While the business enterprise denies any wrongdoing, it agreed to pay $15 million and put in force stepped-up information protection practices. The decision additionally reassures regulators and the general public that steps are being taken to better protect user records.
Cash App continues to function normally, providing charges, making investments, and offering Bitcoin. Users are counselled to permit all security functions, including issue authentication, and remain careful of scams.
In early 2025, Block also faced a separate order from the Consumer Financial Protection Bureau (CFPB), requiring it to refund $120 million to customers over broader patron protection failures. That action becomes separate, however, and displays improved scrutiny of virtual financial systems.
Final Thoughts
The Cash App settlement class action offers affected users a clean way to seek compensation. The manner is obvious, the claims are smooth to post, and the closing date is apparent. If you qualify, don’t pass over your risk to file by way of November 18, 2024.
Always preserve your monetary account statistics as stable and report suspicious activity straight away. This settlement is a reminder of the importance of records security in the digital age—and a leap forward in defending customers’ rights.