Thousands of Cash App users across the United States may be eligible for a portion of a $15 million settlement, following a class action lawsuit against the app’s parent company, Block, Inc. The legal case centered around unauthorized transactions, account freezes, and security concerns that affected many users over the past several years.

What the Lawsuit Was About

The lawsuit accused Cash App of failing to properly safeguard user accounts, resulting in fraudulent charges, improper account restrictions, and serious data breaches. Users reported financial losses, emotional distress, and damage to their reputations — prompting a wide-reaching legal challenge. Block, Inc. denied wrongdoing but agreed to the multimillion-dollar settlement.

Who Is Eligible?

To qualify for a payout from the settlement, claimants had to be permanent U.S. residents and fall into one or more of the following categories:

• Victims of unauthorized access or data breaches involving their Cash App or Cash App Investing accounts.
• Users who experienced fraudulent transactions or illegal fund transfers.
• Customers who struggled to resolve account-related issues between August 23, 2018, and August 20, 2024.
• Anyone who used Cash App’s services, including related investment platforms.

How Much Will Be Paid?

Each eligible claimant could receive up to $2,500, depending on the severity of their case and supporting documentation. The deadline to file a claim was November 18, 2024. The final court hearing took place on January 13, 2025, approving the settlement.

When Will Payments Be Sent?

Although no exact payout date has been announced, payments are expected to begin toward the end of 2025. Users can choose to receive their share by direct deposit or by check. Claimants are encouraged to monitor the settlement website — cashappsecuritysettlement.com — to track the status of their claims and ensure payment details are correct.

Why This Matters

This case is part of a broader trend of legal scrutiny targeting financial tech companies over customer data, security, and account management practices. With millions relying on apps like Cash App for daily transactions, the lawsuit has spotlighted the need for tighter protections and faster resolutions when problems arise.