The deadline for Cash App Settlement users to file a claim for data and security breaches for 2021 has been passed. However, many of the beneficiary still has some questions regarding the procedure. The end date for claim submission was November 18th, 2024. If you have submitted the claim by then you are eligible for the $15 Million settlement amount. The claims could have been submitted for the lost time, out-of-pocket losses, & transaction losses.
Those who qualify could have filed a claim for about 3 hours of skipped time of $25/ hour. Also, the settlement offers $2,500 in settlement for out-of-pocket damages. In order to get their money back, victims of transaction losses, such as illegal withdrawals, can also file claims. To get an overview of the Cash App Class Action Settlement, read this post until the end.
Missed the Cash App Class Action Settlement Deadline?
The Cash App security breach has affected nearly about 8.2 million present and previous Cash App Investing users, as per the lawsuit. Each Cash App user can get an amount of up to $2500. The breach happened in December 2021. The Cash App Users must check if they have fake or unauthorized transfers or withdrawals of funds from their account in the period of August 23rd, 2018, and August 20th, 2024.
The precise payment amounts will be decided by the claims number submitted, and the settlement agreement has not yet been finalized. The settlement will be divided proportionately if funds are insufficient to fully pay out all of the claims. It is to be noted that, on November 7th, 2024, the court allotted an order to spread a few deadlines. Also, the last hearing date has been moved to January 13th, 2025. Additionally, users of the Cash app may receive compensation for up to three hours of wasted time as well as compensation if their accounts were accessed and money was taken.
Cash App Class Action Settlement- Overview
| Article On | Missed the Cash App Class Action Settlement Deadline? |
| Country | United States |
| Year | 2025 |
| Beneficiaries | Individuals whose private info was exposed in December 2021 data breach |
| Settlement Amount | $15 Million |
| Potential Payouts | Up to $2500 depends on the losses faced by the users |
| Final Hearing | January 13th, 2025 |
| Category | Finance |
| Official Website | cashappsecuritysettlement.com |
What is Cash App Class Action Settlement?
The Cash App Settlement has been settled for $15 Million. This litigation defines various essential security faults such as the 2021 data breach and 2023 incident. Among these two serious breaches and fraud against the app because of the mistreatment of individuals’ private info, different allegations were also faced by them. This settlement ensures that the company gave a much required payment amount as decided.
Most individuals have faced various problems with misusing personal info like their bank details and SSNs. A lawsuit against Cash App and its parent firm, Block Inc., centered on the main claims of careless management of two significant data breaches would result from all of these actions.
A former employee of the business unlawfully obtained users’ private information in 2022. Then, in 2023, hackers utilized previously connected numbers to gain access to customer account data, which they then used for illegal purposes. The business has been charged with failing to secure the data of its clients and not treating any of these breaches seriously.
Cash App Claim Types
Users of the Cash App who qualified could file claims for the following:
1. Losses Outside of the Pocket: Users could file claims for up to $2,500 if they could demonstrate that the breach had compromised their account. This comprised actual financial loss for which there was no compensation.
2. Lost Time: Users of the Cash App could potentially get paid for the time they spent fixing problems brought on by the hack. According to the settlement, customers could submit claims for up to 3 hours of lost period at a rate of USD 25/ hour, which could amount to $75.
3. Losses from Transactions: Users might file claims for transaction-related losses if they had been involved in fraudulent or unlawful transactions and had not yet received reimbursement.
Eligibility for Cash App Settlement
If customers who were impacted by the breach can demonstrate that they lost money, they may be eligible for reimbursement. Your status as a customer of Cash App, Cash App Investing, or a related business is the first requirement. Your account may be eligible if it was obtained without your consent.
Also, if you had unauthorized withdrawals or transfers of funds, or a deficit in the solution of a mistake in the account or any connected financial account between Aug 23, 2018, and Aug 20, 2024, you might be suitable for the $15 Million Cash App Settlement.
What If You Missed the Cash App Settlement Claim Deadline?
Even if your claim was not filed by the deadline, you can still get help-
Make contact with the plaintiffs’ legal firm: To learn more about updates or other choices, contact Kantrowitz, Goldhamer & Graifman at 201-897-7293. You may also contact them at kgglaw.com.
Track Your Cash App Account: Keep an eye out for any fraudulent or illegal activity in your Cash App account and notify Cash App customer service right away.
Ask for Legal Counsel: Seeing a lawyer could help you look into your options for recovery if you think you lost a lot of money and didn’t receive the settlement.
| Official Website | Click Here |
| Homepage | Philtranco.net |