By admin 
Cash payments are headed to select users of a popular financial app.
Cash App and its parent company, Block Inc., reached a $15 million settlement in a class action lawsuit over alleged security breaches.
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The deadline to file claims closed in 2024. Now payouts are finally making their way to claimants.
Here’s who is eligible to receive money, and how much you could get:
What is the class action lawsuit against Cash App?
Plaintiffs filed a lawsuit in 2022 against Block Inc. and Cash App Investing alleging that the financial tech companies “were negligent, made misrepresentations and breached other obligations to their users” in connection to data security incidents, according to the official settlement website.
The suit alleged that a former employee accessed account data without permission in 2022, while an unauthorized user accessed Cash App accounts in 2023 using recycled phone numbers linked to the accounts.
This resulted in “unauthorized and fraudulent withdrawals and transfers of funds” to Cash App accounts and linked accounts, the suit alleged.
“Block and Cash App Investing contest these claims and deny that they did anything wrong,” the settlement website said.
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Who is eligible for a payout?
Block and Cash App Investing users who experienced fraudulent withdrawals or transfers between Aug. 23, 2018, and Aug. 20, 2024, — or had their personal information taken without authorization — were eligible to receive payouts, according to the settlement’s website.
Claimants could be reimbursed for out-of-pocket losses such as credit freezes, closing bank accounts and identity theft insurances purchases, as well as lost time and transaction losses.
The deadline to file a claim was Nov. 18, 2024.
How much will claimants get?
A California court approved the $15 million settlement in March 2025.
Attorney fees and costs will be paid out first.
About 40,380 claims were approved, “totaling $5.6 million and averaging approximately $139 per payout,” Yahoo! Finance reported.
Claimants could get up to $2,500 apiece.
When will can I expect my money?
Yahoo! Finance said payments will be sent by check, prepaid card, Venmo or Zelle in October.
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