The Cash App settlement deadline is fast approaching, and if you’ve used Cash App or Cash App Investing since 2018, you might be entitled to a share of the $15 million class-action settlement. Eligible users could receive up to $2,500, so don’t miss this critical opportunity. Here’s all you need to know about the claim process, eligibility, and deadlines.
Contents
Background of the Cash App Settlement
Allegations Against Cash App and Block Inc.
In 2022, Cash App and its parent company, Block Inc., were accused of negligence following a serious data breach. A former employee was found to have gained unauthorized access to user data, impacting approximately 8.2 million current and former users. Notifications were sent to affected users, highlighting significant security vulnerabilities.
2023 Security Breach
The issues didn’t stop there. Another lawsuit in 2023 alleged that recycled phone numbers tied to accounts allowed unauthorized users to gain access. These accusations reinforced claims that Block Inc. had failed to implement adequate security measures to safeguard user accounts.
Key Accusations
The lawsuits primarily accused Cash App of:
- Failing to adequately secure user data.
- Ineffectively addressing complaints about fraudulent transactions or unauthorized activity.
Are You Eligible for the Settlement?
To qualify for a share of the settlement, you must meet the following criteria:
| Eligibility Criteria | Details |
|---|---|
| Cash App Usage | You are or were a user of Cash App or Cash App Investing. |
| Unauthorized Access | Your account was accessed without your consent. |
| Fraudulent Transactions | Unauthorized withdrawals or transfers occurred between August 23, 2018, and August 20, 2024. |
Important Deadlines to Remember
The deadline to file your claim is November 18, 2024, at 10:59 p.m. PT. Ensure you submit all required documentation by this date to avoid missing out.
Filing Your Claim
Step-by-Step Process
- If You Received a Notice
Use your Notice ID and Confirmation Code provided via mail or email to file a claim on the settlement website. - If You Did Not Receive a Notice
Even if you weren’t contacted, you can still file a claim by completing the online claim form on the official settlement website.
Required Documentation
To validate your claim, you must provide evidence linking your financial losses to the data breach or unauthorized activity. Examples of acceptable documentation include:
- Unauthorized Account Event Notices.
- Police Reports related to unauthorized transactions.
- Proof of compromised account access.
Compensation Details
Settlement Payment
Eligible claimants may receive up to $2,500 for out-of-pocket losses incurred during the eligibility period.
Compensation for Lost Time
You may claim reimbursement for lost time at a rate of $25 per hour, up to a maximum of three hours ($75 total). Documentation supporting these claims is required.
By staying informed and acting promptly, you can ensure you don’t miss out on your share of this significant settlement opportunity. Ensure all your documentation is accurate and submitted by the November 18, 2024, deadline.
FAQs
What is the deadline for filing a claim?
The deadline to file your claim is November 18, 2024, at 10:59 p.m. PT.
Who is eligible for the settlement?
Users of Cash App or Cash App Investing who experienced unauthorized access or fraudulent activity between August 23, 2018, and August 20, 2024, are eligible.
How can I file a claim if I didn’t receive a notice?
You can still file a claim by completing the online claim form available on the settlement website.
What documents are required to support my claim?
Documents such as an Unauthorized Account Event Notice, police reports, or proof of account access compromise are required.
How much compensation can I receive?
Eligible claimants can receive up to $2,500 for financial losses and up to $75 for lost time.
