In 2021, Cash App (Block Inc. was targeted by an identity theft scheme that led to the exposure of a significant amount of financial data. For this instance, it was found that data of more than 8 million Cash App Investing customers who joined the service sometime before Wednesday was taken. A insiders employee used malware to steal users’ information, which in turn caused a data breach. Subsequently Block, Inc., was sued for negligence in the protection of user information in a class-action suit.
Cash App is offering $15 million in compensation to affected consumers as of 2025. Up to a maximum of $2,500 per user can be claimed by each individually. Currently, in this article I will show you who is qualified, which kind of claim is allowed and how to do the claim registration process.
Eligibility Rules
To be eligible for settlement under Cash App’s class-action settlement $15 million), the following conditions must be satisfied:.
Account Period: Account Period:
Individuals who held a Cash App account from August 23, 2018 through August 20, 2025 are entitled to this settlement. At this moment, this compensation is not applicable to accounts that fall outside the period.
Previously Received Compensation: Previously Received Compensation:
Those individuals who have been paid by Cash App, Block Inc., and others have already been paid by a third party cannot file a new claim.
Compensation Amounts and Quality Measures
Cash App has filed three types of claims for affected users. This refers to the fact that documentary evidence varies between categories and regardless, compensation can only be at most $2,500.
1. Out-of-Pocket Damages: 1. Out-of-Pocket Damages:
- This category includes whether a user has incurred financial damage as a result of a data leakage.
- For instance, consider a user who suffered a loss due to an unauthenticated withdrawal; the users could be given compensation by submitting the proof of such.
2. Loss of time: 2. Loss of time:
- The user is compensated at the rate of $25 per hour if they spent time resolving the issues on the data leak.
- Up to $75 can be paid maximum.
3. Loss of transaction: 3. Loss of transaction:
- Where a user has made a financial loss in a Cash App account but that loss has not yet been reimbursed, the category could be a case of claim.
Claim process
To get compensation from Cash App, the following procedure has to be carried out by the users:.
1. Fill out the claim form: 1. Fill out the claim form:
- Users can fill the claim form by visiting the official settlement website cashappsecuritysettlement.com.
- Give your account information and type of loss correctly in the form.
2. Attach documents: 2. Attach documents:
- You must be able to provide the proof for each kind of claim.
- There would be, for example, examples of a financial loss in receipt of money, or loss in the bank or institution, in the case of the loss of money, and receipts or letters received. Record the effort taken for time wasting.
3. Keep in mind the deadlines: 3. Keep in mind the deadlines:
- Claim filing deadline is 9 November 2025.
- All claims received after this date will not be accepted.
The Cash App Settlement 2025
Although this settlement can still be seen as a way of delivering justice to data subjects exposed to the misuse of their data, it also marks out that companies must be more responsible when safeguarding data subjects’ information.
Using this approach, the people’s loss can be recovered and the company will know that data safety is not just words.