Cash App Class Action Settlement 2025: Amount, Eligibility, Payment Dates – Everything You Need to Know
The Cash App Class Action Settlement is a significant development in consumer protection, highlighting the app’s failures in protecting customer data from security breaches. The case against Cash App underscores the importance of robust security measures to prevent hackers from accessing personal information.
The settlement agreement, totaling $15 million, addresses the negligent handling of two major data breaches involving the unauthorized access of sensitive user data. Cash App’s parent company, Block Inc., has been accused of not taking these breaches seriously and failing to secure customer data adequately.
In August, Cash App agreed to the settlement amount to address these issues, while also committing to enhancing data protection and security measures to rebuild user trust. Eligible users who have experienced damages due to the breaches can file a claim for compensation by filling out the necessary forms before the November 15 deadline to receive up to $2500.
The distribution of payments to eligible users will take place in late 2025 or early 2026 through direct deposit. The final hearing to approve the settlement will be held on January 13, 2025, pending court approval and any appeals that could delay the process.
American customers who have been affected by the data breaches between August 23, 2018, and August 20 are eligible to receive compensation. The eligibility criteria will be determined by Block Inc. and the Court to ensure that only those who have suffered damages are compensated.
Cash App has quickly risen in popularity as a peer-to-peer payment platform in the United States, but controversies surrounding security vulnerabilities have led to legal action. The Class Action Lawsuit settlement aims to address these issues and restore user confidence in the platform.
If you have any questions about the settlement or payment distribution, you can refer to the company’s official website for updates and information. Be sure to stay informed about the process to receive your compensation for damages incurred due to the data breaches.
