Cash App $15 Million Settlement Status for February 2025 – Claim Your Share Up to $2,500

Cash App $15 Million Settlement Status for February 2025 – Over the years, Cash App has grown to be one of the most popular peer-to-peer payment platforms within the US. Given that its security was called to question due to a recent data breach, it ended up in a $15 million settlement.

Now, in February 2025, thousands of users wish to find out if and how they can claim compensation. Some users could walk away with amounts of up to $2,500. This article will cover everything related to eligibility, claim processes, legal and payment updates.

Cash App $15 Million Settlement: Complete details at a glance

Why did the settlement happen? Cash App data breach case

This lawsuit against Cash App was filed due to two major data breaches (2021 and 2023) that affected more than 8.2 million users.

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Major reasons for data breach

• Unauthorized access by former employee – A former employee leaked sensitive financial data.
• Recycled phone number issue – Some users had fraudulent transactions in their accounts linked to their old phone numbers.

A class-action lawsuit was filed against Cash App and its parent company Block, Inc. (formerly Square) in this case. However, the company did not admit any wrongdoing but agreed to a $15 million compensation.

Will you get the settlement amount?

If you meet all of the conditions below, you may be eligible for the settlement:

• The Cash App account was active between August 23, 2018 and August 20, 2024
• You faced unauthorized transactions, fraud or identity theft
• You have documentary evidence of financial loss

If you did not suffer direct financial loss, but your personal data was leaked, you can still get compensation. Check your email and the official settlement website for updates.

How is the Cash App settlement claim done?

Although the claim deadline was November 18, 2024, it is important to know how users completed the process:

1. Visiting the official settlement website
   • Users visited CashAppSecuritySettlement.com and filled out the form.
2. Filling out the claim form
   • The form required entering name, contact information, and Cash App account details.
3. Submitting proof of loss
   • Users had to submit the following documents:
   • Bank statements showing unauthorized transactions
   • Receipts from credit monitoring services
   • Evidence of identity theft or fraud
4. Submitting before the deadline
   All claims were to be submitted by November 18, 2024.

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What happens next? (February 2025 update)

• The final hearing was held on January 13, 2025
• If the court approves the settlement, the payment process will begin
• Approved users will receive updates by email
• Payments will be made via check or direct deposit
• The final payment amount will depend on the number of approved claims

How to keep your Cash App account secure?

Even though this settlement is providing compensation for past fraud, it is also important to protect yourself in the future.

• Turn on Two-Factor Authentication (2FA) for added security
• Use strong and unique passwords
• Monitor your transactions regularly
• Avoid phishing scams – never give out your login details or OTPs

For more information, read the Federal Trade Commission’s online security guide.

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Conclusion

The settlement worth $15 million given to Cash App is proof of how seriously data security is taken. The deadline for making a claim has now passed, but the incident should serve as a wake-up call for users when it comes to security in financial apps.

For those who did submit the claim on time, keep an eye on your email and the settlement’s official website for any updates. Also, take security precautions to avoid getting scammed in future.

FAQs On Cash App $15 Million Settlement Status for February 2025