Block Inc. and Cash App agreed to pay $15 million in damages to settle a class action lawsuit, in spite of their denials of any misconduct. The companies were charged with carelessness and violating their security commitments to clients. Even though they were no longer working for the organization, a former employee had access to account information in 2022 and more than 8 million users were compelled to know about the incident from the company.
Those affected may be eligible for up to $2,500 in compensation for the harm that was committed, however the deadline to submit a claim to receive a share of the $15 million settlement was November 18, 2024, and final hearing was on January 13, 2025. To file a compensation claim, claimants had to fulfill the $2500 Cash App Settlement Payment 2025 Eligibility Requirements shared below.
$2500 Cash App Class Action Settlement Payment
It is expected that the settlement for the Cash App Data Breach Settlement 2025 will be completed by the end of 2025. The payment will be share among millions of US Cash App customers who are awaiting settlement compensation for fraudulent transactions and a data breach. The Cash App Data Breach Settlement 2025 Payment Date will depend on how long it takes to settle appeals, validate claims, and determine settlement amounts.
A class action complaint over fraudulent transactions, data breaches, unauthorized access to customer data, and other security concerns led to the settlement. Cash App agreed to settle the case and reimburse consumers impacted by these security flaws for a total of $15 million. Users will be eligible for the payment if they filed valid claim forms before the deadline of November 18, 2024.
Cash App Data Breach Settlement 2025 Details
| Name of app | Cash App |
| Claim Deadline | November 18, 2024 |
| Final Approval Hearing | January 13, 2025 |
| Payment Date | Sending out soon |
| Category | Class Action |
| Payment Amount | $2,500 |
| Claim Website | cashappsecuritysettlement.com |
Eligibility Criteria
- Account Holders: You should have an account with Cash App or Cash App Investing from August 23, 2018, to August 20, 2024.
- Unauthorized Access: You may have had fraudulent withdrawals or transactions, or your account may have been accessed without your consent.
- Personal Data Breach: Your names, bank account information, or investment information were stolen without your knowledge or permission.
- Out-of-Pocket Losses: The breach resulted in charges for you, such as credit monitoring fees, identity theft recovery costs, or losses from fraudulent transactions.
- No Prior Compensation: Neither Cash App, Block, nor a third party have paid you back for these losses yet.
Cash app settlement payment schedule
Claimants who were affected by the data security breach and who, between August 2018 and August 2024, suffered out-of-pocket damages due to unauthorized account activity or problems relating to a failure to correct a mistake associated with the event are eligible to receive up to $2,500. At a rate of $25 per hour, individuals may also request payment for up to three hours of missed time. As well as compensation for any recorded transaction losses brought on by an account being accessed without authorization.
The exact timeframe may vary, but eligible claimants could expect to get their compensation by the end of 2025. Delays may result from factors like the appeals process and claim verification. The settlement’s final approval hearing was January 13, 2025. Depending on the length of the appeals process and any follow-up administrative procedures, claimants could begin getting Cash App Data Breach Settlement 2025 Payment Date by the end of 2025.
Details of the settlement payout
Claimants who filed claims for reimbursement of their out-of-pocket expenses and shared the required paperwork might get up to $2,500. Those whose Cash app or Cash app investing accounts had data breaches or other security problems between August 23, 2018, and August 20, 2024, are eligible for this payment.
Individuals who lost time due to the time spent managing the aftermath of the breach, such as contacting customer service, keeping an eye on their accounts, and protecting their data, can also receive lost time compensation at a rate of $25 per hour for a maximum of three hours, or $75. Lastly, claimants who had transaction losses within the same time period and shared supporting records, including incident notices or police reports, are qualified to get a share of the settlement money.
Process to check Cash app settlement payout status
- Claimants can verify the $2500 Cash app settlement payout status 2025 by contacting the Class Administrator at the mailing address provided on the official settlement website or by calling +1-866-615-9740.
- They must have their Confirmation Code & Claimant Unique ID in order to get the update on their payment, any possible delays, and other steps.
- Financial reimbursement for eligible claims is expected by the end of 2025 and now you are advised to keep up with $2500 Cash App Class Action Settlement Payment 2025 Latest Update by reviewing their account and settlement communications.
$2500 Cash App Class Action Settlement 2025 Latest Update
Final hearing for $2500 Cash App Class Action Settlement in 2025 was on January 13 and debated over Cash App’s inability to prevent money losses and data breaches from August 23, 2018, until August 20, 2024. Payments will be out soon to those who submitted claims by November 18, 2024 and not every claim will be accepted, though, since it will rely on the specific loss and valid claim.
A common misunderstanding is that any Cash App customers who used the app during the time of the data breach, whether or not they submitted a claim, will be eligible to get the money. Since it is a valid and court-approved settlement, documentation proving losses and other supporting evidence will be needed. Only the Settlement Administrator or via cashappsecuritysettlement.com should be checked for $2500 Cash App Class Action Settlement 2025 Latest Update.
| Official Website | Click Here |
| Homepage | BSEBSTET.Com |
How can you be approved for settlement