If you’ve been a Cash App user since 2018, today might be the most important day for your wallet. The deadline to claim a share of the $15 million settlement is November 18, 2024, and missing it could mean losing out on up to $2,500.
The settlement stems from a class-action lawsuit involving Block Inc., the parent company of Cash App, following allegations of negligence regarding user data security.
Let’s break down what you need to know and how to take action before time runs out.
Cash App Settlement
The $15 million settlement addresses claims that Block Inc. failed to protect user data and adequately resolve complaints related to unauthorized transactions. Allegations include negligence during two major incidents:
- 2018 Data Breach: A former employee accessed sensitive Cash App account information without authorization. This affected 8.2 million users, who were notified of the breach.
- 2023 Unauthorized Account Access: Recycled phone numbers linked to user accounts allegedly allowed unauthorized access, further exposing vulnerabilities.
While Block denies wrongdoing, they have agreed to compensate affected users as part of the settlement.
Eligibility
Wondering if you qualify? You’re eligible if:
- You are or were a Cash App or Cash App Investing user.
- Your account was accessed without permission.
- You experienced unauthorized withdrawals or transfers between August 23, 2018, and August 20, 2024.
Even if you didn’t receive a notification about the settlement, you can still submit a claim if you meet the criteria.
How to Claim
Filing your claim is straightforward:
- Received a Notice: Use your notice ID and confirmation code on the settlement website.
- Did Not Receive a Notice: Complete an online claim form on the same website.
Eligible users could receive:
- Up to $2,500 for documented losses tied to unauthorized transactions or security breaches.
- Up to $75 for lost time, reimbursed at $25 per hour for a maximum of three hours.
Documentation Requirements
To support your claim, you’ll need:
- Proof of unauthorized account access (e.g., a notification or police report).
- Evidence linking your financial loss to the breach or unauthorized activity.
Tip: Ensure your documentation is thorough and clearly shows how the incident caused your losses.
Deadline
The deadline to file your claim is November 18, 2024, at 10:59 p.m. PT. Don’t wait until the last minute—missing this cutoff means forfeiting your share of the settlement.
What’s Next?
After submitting your claim, the court will review the settlement. If approved, payments will follow. This could be your chance to recover funds lost to unauthorized activity on Cash App or Cash App Investing.
Stay proactive and file your claim today to ensure you’re not leaving money on the table.
