If you’ve ever used Cash App or Cash App Investing and experienced unauthorized transactions or breaches in your account, then you might be entitled to some cash. Recently, a $2,500 Cash App settlement has been announced, and the good news is that you could be eligible for compensation. Whether you’re just hearing about this now or you’ve already filed a claim, this guide will break down everything you need to know—from eligibility requirements to how you can claim your money. Let’s dive in!
$2,500 Cash App Settlement Announced
| Key Topic | Details |
|---|---|
| Settlement Amount | Up to $2,500 per eligible claimant |
| Eligibility Period | August 23, 2018, to August 20, 2024 |
| Eligibility Criteria | Users with unauthorized access, fraudulent transactions, or account breaches |
| Claim Submission Deadline | November 18, 2024, at 10:59:59 PM PT |
| Reimbursement Options | Lost funds, time spent resolving issues ($25/hour, max of $75), and additional documented losses |
| Final Approval Hearing | January 13, 2025 |
| Contact for Assistance | Settlement Administrator: 1-866-615-9740 |
If you’ve been impacted by the Cash App security breach, now is your chance to claim compensation. With up to $2,500 available for eligible users, it’s worth taking the time to file a claim and get reimbursed for any losses or time spent resolving issues. Just make sure to gather your documentation and submit your claim before the November 18, 2024 deadline.
For further details, visit the official settlement website at Cash App Security Settlement. Keep an eye on updates as the process moves forward, and remember that while the final approval hearing is scheduled for January 13, 2025, it might take a little longer for payments to be issued.
The Basics of the Cash App Settlement
Let’s start by getting the lay of the land. Cash App, the popular mobile payment service, has been involved in a class-action lawsuit after multiple data breaches impacted users. The breaches were linked to unauthorized access, where user data was compromised, leading to fraudulent transactions. The settlement aims to compensate those who were affected by these incidents between August 23, 2018, and August 20, 2024.
In simple terms: if you’ve been a Cash App user during this time and have experienced unauthorized access or fraudulent transactions, you could be eligible for a payout—up to $2,500. Let’s talk about how this works.
What Happened with Cash App?
Cash App, which was originally created by Square (now Block), allows users to send and receive money, buy and sell Bitcoin, and invest in stocks—all through their phones. However, between 2021 and 2023, Cash App faced serious security issues, leading to data breaches. Here are the two main incidents that led to the settlement:
- 2021 Breach: A former Cash App employee accessed user data without authorization. This breach affected several users who were not notified about the access.
- 2023 Breach: In this instance, accounts were compromised because users’ phone numbers were recycled. This made it easier for hackers to gain access to accounts, causing financial losses for some users.
Despite the breach, Cash App (and its parent company Block) did not admit any wrongdoing. But to avoid prolonged litigation and settle the matter, they agreed to pay up to $15 million as part of a class-action lawsuit, with potential payouts reaching $2,500 per eligible user.
Am I Eligible for the Cash App Settlement?
Here’s the big question: Are you eligible? To qualify for the payout, you’ll need to meet a few simple but essential criteria:
- You must have been a Cash App or Cash App Investing user between August 23, 2018, and August 20, 2024.
- You must have experienced unauthorized account access or fraudulent transactions during this time period.
- You’ll need supporting documentation to back up your claim. This could include:
- Bank statements showing the unauthorized transaction(s).
- Police reports (if applicable).
- Screenshots or other evidence proving you were impacted by the breach.
If you meet the criteria, it’s time to file your claim!
How to File a Claim: A Step-by-Step Guide
The process to file a claim is pretty straightforward. Here’s how you can claim your portion of the settlement:
Step 1: Visit the Official Website
Go to the Cash App Security Settlement website. This is where you’ll find all the details and instructions on how to submit your claim.
Step 2: Complete the Online Claim Form
Fill out the online claim form with your basic details—name, email, and a brief description of the issue you faced. Be sure to have your supporting documentation ready, like screenshots of transactions or statements.
Step 3: Submit Your Claim
Once your claim form is completed, you can submit it online. Make sure to double-check all the details before submitting. If you’d prefer, you can also mail in your claim form by downloading it from the website and sending it to the address provided.
Step 4: Wait for Approval
After you submit your claim, it will go through a review process. If your claim is approved, you will receive your payout according to the details in the settlement agreement. The final approval hearing is set for January 13, 2025, so the payout process may take some time.
What Can You Expect to Receive?
Now, let’s talk about the money. If your claim is approved, here’s a breakdown of what you could receive:
- Up to $2,500 for out-of-pocket losses: If you can demonstrate that you lost money due to unauthorized transactions or security breaches, you could be reimbursed for these losses.
- $25 per hour for lost time: If you had to spend time resolving the issue, like contacting customer service or going through your bank statements, you could be reimbursed up to $75 for your time.
- Additional compensation: If you can prove you lost money in any other way due to the breaches, you may qualify for further compensation.
FAQs
1. When is the last date to file my claim?
The deadline to submit your claim is November 18, 2024, by 10:59:59 PM PT. Make sure to get it in before the cutoff date.
2. How do I know if I’m eligible for the settlement?
You need to have used Cash App or Cash App Investing between August 23, 2018, and August 20, 2024, and have experienced issues like fraudulent transactions or unauthorized access to your account.
3. When will I receive my payout?
The final approval hearing for the settlement is scheduled for January 13, 2025. After that, payments may take some time to process, depending on the legal proceedings and potential appeals.
4. Do I need a lawyer to file my claim?
No, you do not need a lawyer to file a claim. The process is simple and can be completed online or by mail.
