A proposed $15 million class-action settlement may get you $2,500 if you transferred money using the Cash App mobile payment service within the last six years. In 2022, a former employee of Cash App Investing accessed account data without authorization, and in 2023, another user used recycled phone numbers connected to Cash App accounts to access specific Cash App accounts, according to the class action lawsuit, which claims that Cash App and its parent company Block were negligent.
You may be qualified to submit a Cash App Settlement 2024 Claim if, during the last six years, you have used Cash App and have encountered an unauthorized money transfer or if your account or personal data was accessed without your permission but you must Cash App Settlement 2024 Apply quickly.
Cash App Settlement 2024
There is a $15 million settlement that Cash App customers might be eligible for, but the time to submit a claim is drawing near. A compensation of up to $2,500 may be available to you if you have transferred money using Cash App over the last six years. According to the class-action lawsuit, Cash App and Block, its parent business, did not adequately protect customer account data. It was stated in 2022 that a former employee of Cash App Investing had unauthorized access to private account data. A different situation occurred in 2023 with recycled phone numbers linked to Cash App accounts, which would have permitted unauthorized access to specific accounts.
As per Cash App Settlement 2024 Eligibility Requirements if, during the last six years, you have utilized Cash App and encountered fraudulent transactions or account access, you might be qualified to submit a claim. However, the window for submitting claims for consideration in this proposed settlement is closing on November 18.
Cash App Data Breach Settlement 2024 Details
| Organization/App Name | Cash App |
| Claim Deadline | November 18, 2024 |
| Final Approval Hearing | January 13, 2025 |
| Amount | $2,500 |
| Official Website | cashappsecuritysettlement.com |
Cash App Settlement 2024 Eligibility Requirements
- Users must have had an active Cash App account from August 23, 2018, to August 20, 2024, in order to be eligible.
- Users private data and cash app services used without his/her consent.
- You experienced fraudulent or illegal money transfers or withdrawals from your account.
- You failed to address a problem with a Cash App account or any associated bank account.
Cash App settlement Amount 2024
The settlement allows eligible individuals to file a claim for up to three hours of missed time at a rate of $25 per hour, and also offers up to $2,500 in compensation for out-of-pocket losses. In order to obtain compensation for the lost funds, victims of transaction losses, such as unauthorized withdrawals, may also file claims. The settlement agreement has not yet been finalized, and the Cash App settlement Payment Amount will be determined by the number of claims submitted.
Process to apply for Cash App settlement
- You can apply for your share of the settlement by filing a claim online if you meet the eligibility requirements.
- Users who received a tailored notice about the settlement via email or the mail are asked to provide a confirmation code and notice ID on the website.
- The official settlement website, cashappsecuritysettlement.com, has the claim form. Users should provide detail about the kinds of losses they are claiming as well as the details of their Cash App account or accounts.
- Individuals who were not contacted can also choose to file a claim and argue their eligibility.
- You will be questioned about any unlawful withdrawals from your linked accounts or Cash App account. You ought to provide supporting proof, such as correspondence with Cash App, lost receipts, or police records.
Deadline to claim
Claims must be submitted by November 18, 2024, and the final approval hearing is scheduled for December 16. However, a note on the settlement website states that, subject to court approval, the hearing date will be moved to January 13. It may take months or even years for everyone to get their money after a class-action settlement is approved. Appeals frequently occur, and the ensuing proceedings are time-consuming to conclude.
Other details and support
Claimants can reach the Cash App Security Settlement Administrator at the number or address provided for them if they need further help or want more details about the settlement. After filing a claim, claimants must update their contact details if they change in order to guarantee they receive any reimbursements for which they qualify.
This settlement gives impacted users a way to get closure and cash compensation while also marking a significant step towards fixing the claimed security flaws at Cash App. In the digital finance sector, it also emphasizes how crucial strong security protocols and attentive customer support procedures are.
| Official Website | Click Here |
| Homepage | Philtranco.net |