Do you have a Cash App account that was recently compromised? If you had an active Cash App account between August 23, 2018 and August 20, 2024, you may be eligible for a lawsuit settlement of up to $2,500 if one of the following conditions applies: You either , either fraudulent transactions were made during these dates, or your Cash App account was accessed without your authorization.
Why are there lawsuits?
According to the settlement website, the class action lawsuit began in 2022 when a former company employee accessed data from certain Cash App accounts. account. Cash App and its parent company Block also face accusations of neglecting to fulfill their obligations related to user security and failing to take appropriate measures to control fraud.
To make matters worse, the lawsuit alleges that Cash App undermined multiple user complaints but failed to resolve them. It also refused to take responsibility for any problems it caused but has agreed to resolve. A detailed version of the complaint can be found here.
How do I know if I qualify?
You are eligible to receive a payment if you had a Cash App or Cash App investing account between August 23, 2018 and August 20, 2024. and One of the following situations applies to you: Your account is accessed without your authorization, or your account is subject to fraudulent withdrawals or transfers.
How much am I eligible for?
Cash App and Block have agreed to provide a $15 million settlement fund. The money will first be used to pay attorney fees and related expenses. After deductions, it will be distributed equally among class members. The exact amount you ultimately receive depends on the number of victims who file claims, but you can claim up to $2,500.
You can also make up for time wasted trying to resolve fraudulent activity you encounter. $25 per hour, up to 3 hours. If the settlement fund is exhausted, you will receive the reduced amount pro-rated.
How do I file a claim?
You can make an online claim here, attaching appropriate evidence of your complaint. You may also call 1-866-615-9740 to file a claim or write Cash App Settlement Administrator, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103. The deadline to submit a claim is November 18, 2024.
Here’s more information about filing a claim, class representatives (attorneys who represent you), and excluding yourself from a claim.
