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Cash App settlement: Deadline to claim up to $2,500 is Monday

By Kelly Hayes
Published  November 18, 2024 4:31am PST
Consumer
FOX TV Stations
article

FILE - Cash App logos are displayed on a smartphone screen and on a computer screen on April 30, 2024. (Photo Illustration by Nikolas Kokovlis/NurPhoto via Getty Images)

The Brief

    • Those who have used Cash App to transfer money in the last six years may be eligible for up to $2,500 as part of a class-action settlement.
    • The deadline to file a claim is Nov. 18, 2024, at 10:59:59 p.m. PT.
    • The class-action lawsuit is centered on security breaches on the mobile payment app. Cash App Investing and its owner, Block, both deny any liability or wrongdoing.

Those who have used Cash App to transfer money in the last six years may be eligible for up to $2,500 as part of a class-action settlement over security breaches on the mobile payment app. 

The app allows users to send and receive money, invest in stocks, buy bitcoin and make payments to certain vendors. 

In a class-action lawsuit filed in February, Cash App users alleged that Cash App Investing and its owner, Block, were negligent in their response to two data breaches: when a former Cash App Investing employee accessed account data without permission in 2022, and when an unauthorized user accessed certain Cash App accounts in 2023 using recycled phone numbers that were linked to the accounts. 

It also accuses Block and Cash App Investing of failing to implement proper security controls and not responding to concerns about fraudulent transactions happening on the app. 

Cash App founder death, suspect pleads not guilty

Nima Momeni, the accused killer of Cash App founder Bob Lee, pleaded not guilty in a San Francisco courtroom Thursday morning. A judge denied granting bail to keep the accused killer behind bars as he awaits a preliminary hearing.

The proposed settlement is $15 million, though Cash App and Block both deny any liability or wrongdoing, according to the settlement website. 

Who can file a claim for the Cash App settlement? 

If your account was accessed without authorization, or if you’ve had fraudulent withdrawals or transfers, you can file a claim. You must have an active account, or your account must have been active between Aug. 23, 2018 and Aug. 20, 2024. 

How to file a Cash App claim

Customers can file a claim on the Cash App settlement website. If you have a notice ID and confirmation code from a notice you got in the mail or email, you’ll be asked to enter that information. You can still file a claim even if you haven’t gotten a notice. 

What is the deadline for Cash App claims? 

The deadline is Nov. 18, 2024, at 10:59:59 p.m. PT to file a claim under the settlement. 

How much money can you get in the Cash App settlement? 

The amount of money claimants receive depends on the number of people who file claims. People who were affected by the breaches can submit claims for up to $2,500, but they must have documentation to prove there were out-of-pocket losses. 

The Source

  • This story was written based on published information about the class-action settlement via www.cashappsecuritysettlement.com. It was reported from Cincinnati.