$15 Million Cash App Settlement 2025: The Cash App Settlement 2025 is a class action settlement in which the blockchain company has promised to pay $15 million in Cash App compensation to its users due to security flaws such as data leaks and phone number recycling. Let us tell you that all those users who used this Cash App between 23 August 2018 and 20 August 2024 have filed a claim to get this payment and all of them are going to get a maximum payment of $3000.
The hearing on this entire $15 Million Cash App Settlement 2025 case was completed in 2024 itself, in which it was said that Cash App will start this payment process by the end of 2025 or early 2026. If you are also waiting to get this payment, then today’s article is going to prove very beneficial for you, where we will tell you the complete information related to $15 Million Cash App Settlement 2025 and this whole issue.
$15 Million Cash App Settlement 2025
As we told you, Cash App is a mobile payment service used in America which is developed by BlockLink. This app mainly provides digital payment, banking services and investment facilities to the customers. Here customers can invest in different types of stocks and bitcoin. This app provides options like p2p payment, digital transaction facility without bank account, debit card facility, buying and selling bitcoins, investing in stocks.
During this entire process, a very big incident happened some time ago in which it was revealed that Cash App has suffered a data breach in the year 2022. A former employee of Cash App, after leaving the company, accused the company of accessing the information of 8.02 million users without their consent.
Cash App Data Breach Lawsuit 2025
Such a serious allegation was leveled against Cash App after which the investigation into the whole matter began. In this investigation, it was found that Cash App has leaked information like brokerage account number, stock activity, account balance etc. Even the old phone numbers of the users were given to the new customers, due to which the new users also got sensitive information of the old account. Overall, Cash App was accused of fraud.
After this, a class action lawsuit was filed against this app. In this class action lawsuit, Cash App had to admit that they committed this fraud which led to them paying a settlement of $15 million. Under this settlement, it was decided that all those people who were using Cash App between 2018 and 2024 and whose data was affected in this process will be given Cash App Settlement compensation of $2500 to $3000 by Cash App.
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Cash App Lawsuit Payment 2025
As we said, in the digital age, various apps on mobile have made our lives easier. But this also raises questions about data security. Many such cases have come to our notice before where we have heard news like digital data leak or digital data hack. One such case has come to light regarding America’s Cash App. This app put the personal information of millions of users at risk by data leaking and security breach, due to which a case was filed against this $15 Million Cash App Settlement 2025 and now it has to pay a settlement of 15 million dollars.
Cash App is a popular peer-to-peer payment platform in the US. It gives the complete facility to many people to transfer money among themselves without any bank. But due to these cyber incidents in 2022 and 2023, crores of users have become worried. They are now hesitant to trust this app because a former employee of this app has claimed that this app extracts the information of the company’s users from its servers and passes it on to others. However, the matter is not limited to this, but through recycled phone numbers, sensitive information of users is also passed on to new users, due to which Cash App is now facing huge losses and the government, while taking action against Cash App, has also sentenced all the affected people to pay $3000 per person.
Who Qualifies for Cash App lawsuit payment 2025?
Cash App settlement 2025 eligibility
- To receive this payment amount, candidates have to ensure that they have used Cash App or Cash App Investing between 23 August 2018 to 20 August 2024.
- This settlement will be given only to those people whose accounts have been defrauded or whose accounts have been accessed by someone else.
- In this entire process, settlement will be completed only with those people who have suffered financial loss due to data breach.
Cash App lawsuit compensation Benefit
- Due to this $15 Million Cash App Settlement 2025, financial payment will be made to the people affected by this fraud.
- Under this, unauthorized transactions will be reimbursed.
- Fees paid for credit monitoring or identity theft protection services will also be reimbursed.
- Along with this, all the account holders will also be paid bank charges, overdraft fees or all other related expenses.
- Additionally, people will be compensated for the trouble they have to face while trying to resolve this issue, up to a maximum of 3 hours at the rate of $25 per hour.
How to claim Cash App $15 million settlement 2025?
- All those consumers who wish to receive the payment amount of this settlement must first visit the official website Cash App Security settlement.com.
- After going here they have to fill the claim form for $15 Million Cash App Settlement 2025 in which they have to enter personal information like account details and details of the loss incurred.
- After this, they will have to attach all the necessary documents with the form in which they will have to attach documents like bank statement, receipt, police report
- After this the account holder will have to submit this form and documents.
How much money will the account holders get from Cash App data breach settlement?
Under this $15 Million Cash App Settlement 2025, the account holders will get a payment of $2500, apart from bank charges, overdraft, finance charge, fees for various services and hourly compensation charges.
- What should the account holders do if they are facing any inconvenience in receiving the settlement
- If the account holder is facing any inconvenience while receiving the settlement or while filing a claim, then they should contact Cash App Security settlement.com.
- If account holders have not filed the claim for $15 Million Cash App Settlement 2025 yet then they cannot file the claim now as the last date has passed.
- In such a situation, those account holders who have missed making the claim will no longer be able to receive any kind of payment in this process.
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In total, Cash App will pay out $3,000 to consumers who suffered as a result of the data security breach against Cash App, with payments expected to begin in late 2025 or early 2026. Where the money will be transferred to the accounts of the account holders, however all those candidates who have missed to claim on time will not be able to claim again in any way, however those who have already claimed will surely receive their $15 Million Cash App Settlement 2025 payment amount.