Cash App users impacted by a significant data breach may soon receive compensation following a final court hearing in January 2025 that approved a class action settlement offering up to $2,500 per person.
Here’s everything you need to know about eligibility, how to check your claim, and when payments are expected.
What Is the Cash App Class Action Settlement?
The $2,500 Cash App settlement stems from a lawsuit filed against Block, Inc. (formerly Square, Inc.), the parent company of Cash App, due to a data breach that allegedly exposed sensitive user information.
The breach occurred between August 23, 2018, and August 20, 2024, and affected Cash App and Cash App Investing account holders. As a result, affected individuals were invited to file claims to receive compensation.
On January 13, 2025, the court conducted a final approval hearing. If there are no appeals or delays, payments may begin in late 2025 or early 2026.
Who Is Eligible for the Settlement?
To qualify for a payout, users must have met the following criteria:
- Held a Cash App or Cash App Investing account during the affected period
- Experienced unauthorized access, fraud, or data misuse related to the breach
- Filed a valid claim before the deadline of November 18, 2024
If you submitted a valid claim form and supporting documents before the deadline, you may be entitled to receive compensation.
How Much Can You Receive?
The settlement provides two main categories of compensation:
1. Out-of-Pocket Losses – Up to $2,500
Claimants who experienced financial loss due to the breach can receive up to $2,500 in reimbursement. Acceptable losses include:
- Fraudulent charges
- Identity theft protection services
- Time spent resolving related issues
- Lost wages or credit freeze costs
2. Time Spent – Up to $75
If you didn’t incur direct financial loss but spent time resolving issues, you may still qualify for up to $75 (billed at $25 per hour for a maximum of 3 hours).
How to Check Your Claim Status
If you submitted a claim, here’s how to stay updated on your status:
Visit the Official Settlement Website
Go to: www.cashappsecuritysettlement.com
You can review your claim or contact the settlement administrator via the provided form.
Call the Settlement Hotline
Phone Number: 1-866-615-9740
Have your Claim ID and Confirmation Code ready for faster support.
Check Your Email
Keep an eye on your email inbox (including spam/junk folders) for messages from the settlement administrator. Important payment updates and notices will be sent here.
Track Your Payment Method
If you opted for direct deposit, PayPal, Venmo, or Zelle, regularly monitor those accounts between late 2025 and early 2026.
When Will You Be Paid?
Although the court has held a final hearing, actual payment distribution depends on whether any appeals are filed.
If no objections or appeals arise, payments will likely start between late 2025 and early 2026.
The process includes:
- Final court approval and appeal clearance
- Payment processing and verification
- Fund distribution via selected payment methods
Additional Information
The official settlement website provides forms, FAQs, and claim updates:
www.cashappsecuritysettlement.com
For general consumer protections and legal rights in class action lawsuits, you can visit the U.S. Federal Trade Commission (FTC) at:
Summary
| Details | Information |
|---|---|
| Settlement Amount | Up to $2,500 |
| Eligibility Period | August 23, 2018 – August 20, 2024 |
| Claim Deadline | November 18, 2024 |
| Final Hearing | January 13, 2025 |
| Expected Payments | Late 2025 – Early 2026 |
| Official Website | cashappsecuritysettlement.com |
Conclusion
If you were a Cash App or Cash App Investing user during the affected time period and submitted a valid claim, you could receive compensation as part of the $2,500 class action settlement. While the final hearing has taken place, the actual payment timeline depends on whether any appeals delay the process. It’s important to regularly check the official settlement website, monitor your email, and track your preferred payment method for updates.
