In today’s modern world, Cash App’s $15 million settlement is one of the most highlighted topic. The settlement that resulted from the data breaches is impacting almost 8.2 Million users with payouts up to $2,500 for eligible persons who can raise claims.
The deadline for this claim was November 2024 and the payments are expected to be distributed from mid to late 2025. Cash app users are eager to monitor their emails for updates as well as implement better security parameters in order to protect their accounts.
Cash App Users Alert
Cash App is one of the most recognized applications that was used in the U.S. as a payment platform. However, Due to Recent Data Breaches Complaints are raised by the users considering security and user privacy which has led to a $15 million settlement.
In February 2025, most of the users are wondering if they are eligible for the compensation or not and if eligible how to claim their share which can be up to $2500. This article is focused on providing you the eligibility details, process of claim, law factors as well as most recent updates on the settlement distribution.
Cash App $15 Million Settlement- Overview
| Article on | Cash App Users Alert |
| Country | U.S. |
| Eligibility | Users who used the Cash App between 23 August 2018 and 20 August 2024 (These individuals experience unauthorized access or fraud transactions) |
| Deadline for Claim form submission | 18 November 2024 |
| Final Approval hearing date | 13 January 2025 |
| Settlement amount | $15 Million |
| Compensation amount | Up to $2500 |
| Category | Finance |
| Official website | cashappsecuritysettlement.com |
$15 Million Settlement Eligibility Requirements: Overview
There are several factors to check if you qualify for the settlement or not which are the following:
- Individuals who had a Cash App account between 23 August 2018 and 20 August 2024 are eligible to raise a claim.
- If any individuals is experience unauthorized access, Identity Theft or fraud due to the data breaches are eligible for the claim.
- Individuals who had some financial losses because of Cash App and have evidence can apply for the claim.
- Even if you haven’t lost money and your personal information was compromised you may still be eligible for a claim.
Why All This Started?
There was a time when Cash App was at boom almost every individual in the U.S. was using Cash App. Between 2021 to 2023 almost 8.2 million Users are Affected because of the Cash App data breaches. So many unauthorized accesses are taken by a former employee, exposed sensitive financial data of users.
As a result individuals or sufferers of this data breach filed a class action lawsuit against the Cash App and its parent company which is Block, Inc. (formerly Square). The complaint includes that Cash App failed to implement adequate proper security measures and placed user information at risk. In order to settle the claims without admitting wrongdoing, Cash App agreed to pay the settlement amount of $15 million as compensation to the Cash App impacted users.
Steps to Claim Your Cash App $15 Million Settlement
There are some of the steps that need to be followed to get the claim which are in following:
Step 1: You have to go to the official website and fill out the form of claim.
Step 2: Users have to provide their name, contact information as well details of the Cash App account.
Step 3: Users have to Submit Proof of Loss Supporting Documents like bank statements showing suspicious transactions or unauthorized transactions, a receipt for credit monitoring services, and proof of identity theft or fraud.
Step 4: Submit the claim form before the deadline which was November
Recent Updates about the $15 million Cash App settlement
As of now in February 2025, the court’s final approval hearing took place on 13 January 2025. If it gets approved distribution of settlement amount will start in mid-2025.
- The individuals whose Claim is Approved will Receive an Email about the status of the claim.
- The payment will be provided by check or direct deposit to the sufferers.
- The sum amount that sufferers will receive will depend on the number of approved claims.
How you can protect your Cash App account from future breach?
In order to prevent data breaches in future users can take the following steps:
- Users can enable Two-factor authentication as adding 2FA adds an extra layer of security because it asks for a real-time security code along with the password.
- Users should make unique and strong passwords in order to prevent unauthorized access do not use same password on multiple platforms.
- Users should regularly Monitor Transactions and check their history of Cash App for any suspicious payments.
- Users must be aware of the scams such as phishing in which frauds asks for login details or verification code so do not share your personal information such as login details and verification code with anyone.
Key takeaways About Cash App $15 Million Settlement
In recent times from 2021 to 2023 mainly the users of Cash App has faced the issue of identity theft and data breach. The users made a complaint against the Cash App and its Parent company Block, Inc. due to which they have been paying a Settlement of $15 million to the Users whose privacy has been compromised.
An individual who has some proof that their data has been breached will be the eligible users for this claim. The Cash App users who suffered identity theft or loss of money could receive up to $2,500 depending on the number of claims approved as per their evidence.
As of now as per the last heading which was held on 19 January 2025 if it gets approved the distribution of settlement will start in mid of 2025. Users do not need to take any extra actions they just have to fill out the form and submit it before the deadline. For more updates, you can check the Cash App settlement official website which is mentioned in the above table.
| Official Website | Click Here |
| Homepage | KeralaCoBank.Com |
Samarth Choudhary is a Chief Editor at keralacobank.com. He has overall editorial experience of 10 years in online media. He has completed his graduation from University of California and masters in Finance from University of Dallas in year 2010. His major interest and expertise is in Finance, Taxes, Government Aid and Schemes. His Major focus is to help users to get relevant information which are published on keralacobank.com in easy and precise form.