If you have used the Cash App mobile payment service in the last six years, you may be eligible for a $2,500 payout as part of a proposed $15 million class action lawsuit settlement. The lawsuit alleges that Cash App and its parent company, Block, failed to prevent unauthorized access to user accounts. This negligence is highlighted by incidents where a former Cash App Investing employee accessed account data without permission in 2022 and an unauthorized user accessed certain Cash App accounts in 2023 using recycled phone numbers linked to the accounts. If your personal information or account was accessed without consent or you experienced an unauthorized transfer of funds, you may qualify for a payout.
To be eligible for a payout in the Cash App settlement, you must have used Cash App or Cash App Investing between August 23, 2018, and August 20, 2024, and experienced unauthorized access to your personal information or account, fraudulent withdrawals or transfers of funds, or deficiencies in error resolution in your accounts. The proposed settlement offers compensation of up to $2,500 for out-of-pocket losses and $25 per hour for reimbursement of lost time up to three hours. You can also claim documented transaction losses by providing third-party documentation.
To submit a claim for the Cash App settlement, you must complete a claim form by November 18, 2024. You can do this online or by mailing the form to the provided address in Philadelphia. If you have claims related to multiple Cash App accounts, make sure to include all relevant information on a single claim form. Payments will be made after a final approval hearing scheduled for December 16, 2024. If the settlement is approved, eligible participants will receive their payouts after this date.
It is important to note that there was a discrepancy in the submission deadline listed on an older version of the claim form, with October 15, 2024, stated as the deadline. However, the correct deadline is November 18, 2024. If you have any questions or need clarification on the submission process, you can reach out to the settlement administrator for assistance. Additionally, you can explore options for securing your Cash App personal and financial information to prevent unauthorized access in the future, as well as learn about upcoming features on Android devices to enhance security.
In conclusion, if you have used Cash App and experienced unauthorized access to your account or fraudulent transfers of funds, you may qualify for a payout through the class action lawsuit settlement. By submitting a claim form with the required documentation by the deadline, you can seek compensation for your losses. Stay informed about the progress of the settlement and take steps to protect your personal and financial information to prevent similar incidents in the future.
