Cash App Class Action Settlement: What Happens if You Missed the Filing Deadline?

In several years, the Cash App has become one of the most widely used peer-to-peer payment platforms in the United States. However, after many data breaches that revealed private user information, security issues have surfaced.

The Cash App Class Action Settlement is discussed here and the official website is www.cashappsecuritysettlement.com. In response to these incidents, Cash App’s parent company, Block, Inc agreed to a $15 million settlement to compensate affected users.

Cash App Class Action Settlement

About 8.2 million people were impacted by the 2021 and 2023 security breaches that led to this settlement. The first breach was caused by a former employee who gained unauthorized access to private user data, exposing financial details to potential misuse.

The second breach involved risk factors in Cash App’s account recovery system, especially related to recycled phone numbers, which led to fraud and unauthorized access.

Cash App Security Settlement 2025 Overview

Department	Block Inc. (Parent company of Cash App)
Name of Program	Cash App Class Action Settlement
Country	USA
Settlement Amount	$15 million
Compensation per User	Up to $2,500
Payment Dates	Expected to start in mid-2025
Mode of Payment	Direct deposit or postal check
Category	Government Aid
Official Website	https://www.cashappsecuritysettlement.com/

Eligibility Criteria

The settlement primary goal is to compensate users who suffered financial or personal losses due to these breaches. Users have to have had a Cash App account from 23rd August 2018 to 20th August 2024, in order to be eligible.

Additionally, they had to provide proof of unauthorized access, fraud, or identity theft related to these security breaches. Even users who did not suffer direct financial losses but had their personal information leaked were considered for potential payouts.

How Users Submitted Their Claims

• Although the claim submission deadline was 18th November 2024, affected users had to follow a procedure to apply for compensation.
• They had to go to the official settlement website and fill out a settlement claim form with their name, contact information, and details about their Cash App account.
• To verify claims, additional proof was required, such as bank statements with illegal transactions, or proof of identity theft.
• Users who successfully submitted their forms before the deadline awaited approval for their compensation.

Expected Timeline for Settlement Payouts

The settlement’s final approval hearing was held on 13th January 2025, and Cash App is expected to start distributing payments by the middle of 2025 if it is formally authorized. The status of their payout will be updated by email to those who successfully submitted claims.

If the claimant prefers, payouts will be made by postal check or direct deposit. Since the total settlement amount is $15 million, the final payout per user will depend on the number of approved claims, with some individuals potentially receiving up to $2,500.

How to Protect Your Cash App Account

• Users should take steps to protect their Cash App accounts from future attacks even while the settlement solves previous security flaws.
• By demanding a second verification code during login, two-factor authentication (2FA) provides an additional protection.
• Using strong and unique passwords for Cash App and other financial accounts helps avoid unauthorized access.
• Individuals should regularly monitor their cash app transaction history and should be careful of suspicious activity.

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