If you’ve been waiting on that settlement check, the plot thickens—in a good way. Eligible Cash App users are finally set to receive payouts of up to $2,500 this month as part of a $15 million class-action settlement. This whole situation stems from a 2021 data breach that lowkey exposed the personal information of 8.2 million current and former Cash App Investing customers.
The Breakdown
Back in 2022, a class-action lawsuit was filed against Cash App and its parent company, Block Inc. While they agreed to the $15 million settlement in March 2024, they didn’t actually admit to breaking any laws.
To qualify for a piece of the pie, you had to have filed a claim by the November 18, 2024 deadline. If you did, you might be getting reimbursed for fraudulent withdrawals or lost time spent dealing with the fallout, capped at three hours at $25 per hour. It’s giving much-needed relief for those impacted by the breach, but if you missed that deadline, say less—no new claims are being accepted. The total $15 million pot also covers legal fees and administrative costs, not just the user payouts.
Why it matters
Real talk: data breaches are becoming a main character in our digital lives, and this settlement is a reminder to keep your financial accounts secure. If you filed a claim, keep an eye on your app or bank account this month—that cash is coming your way.
