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Cash App Class Action Settlement: Claim Deadline and Payment Details
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Cash App users in Canada could be eligible for compensation from a $15.6 million class action settlement related to security concerns. The settlement addresses allegations that Cash App and its parent company, Block Inc., did not adequately protect user data, leading to a data breach affecting millions. The deadline to file a claim is fast approaching: November 18, 2025.
Cash App Class Action: The Basics
The class action lawsuit, initiated in California in December 2021, stemmed from a data breach where a former employee allegedly accessed and disclosed the personal information of approximately 8.2 million Cash App Investing clients [1]. The complaint also alleges that Block Inc. failed to adequately address customer complaints regarding unauthorized transactions and did not implement sufficient security measures to protect accounts.
Did you Know? Data breaches are on the rise. In 2024,the average cost of a data breach reached $4.6 million, highlighting the importance of robust security measures for financial applications [2].
Key Details of the Settlement
The settlement aims to compensate cash App users who were affected by the data breach and security lapses.here’s a breakdown of the key details:
- Settlement Amount: $15.6 million
- Who’s Involved: Cash app and Block Inc. are the accused parties.
- Eligibility: Current and former cash App users who had an account between August 23, 2018, and August 20, 2025, and experienced unauthorized access or fraudulent activity.
- Potential Payout: Eligible users may claim up to $2,500 for out-of-pocket expenses and $25 per hour (up to 3 hours) for time spent addressing the issues.
- Claim Deadline: November 18, 2025, at 10:59:59 p.m. PT.
Crucial Dates and Deadlines
The court has extended certain deadlines, with the final hearing now scheduled for April 13, 2025. The payment schedule will be confirmed following the settlement’s approval at the final hearing.It’s anticipated that payments will be distributed approximately nine to twelve months after this date.
Pro Tip: Keep an eye on the Cash App Security Settlement Administrator’s website for updates on the payment timeline.
How to file a Claim
To receive benefits from the settlement, eligible class members must complete an online claim form by November 18, 2025. If you miss the deadline,you can contact Cash App’s legal representative,Kantrowitz,Goldhamer & Graifman,at kgglaw.com or 201-897-7293.
