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Cash App users to receive up to $2,500 from data breach settlement

Eligible Cash App users could begin receiving payments of up to $2,500 this month following a $15 million data breach class-action settlement.

FTMQ News, written by our newsroom0 views

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Picture: New York Post
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Eligible Cash App users could receive payments of up to $2,500 this month following a $15 million class-action settlement. The New York Post reported that the settlement addresses an alleged 2021 data breach that led to the lawsuit. Related reporting by Yahoo Finance, People.com, El Cronista, and Meyka confirms that payments from the $15 million fund are beginning for eligible users. [1][2][3][4][5]

The lawsuit was initially filed in 2022 after the alleged breach exposed personal details. According to the New York Post, the incident resulted in the unauthorized public release of personally identifiable information belonging to 8.2 million current and former Cash App Investing customers. [1]

Cash App and its parent company, Block Inc., agreed to the settlement in March 2024. The New York Post reported that neither Cash App nor Block Inc. admitted to any violations of law as part of the agreement. [1]

Cash App was launched by Block, Inc. in 2013 as a digital wallet for American consumers. It allows users to store balances, send money, invest in stocks and bitcoin, and access debit cards. [6][7]

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In short

  • Eligible Cash App users could receive up to $2,500 from a $15 million settlement.
  • The class-action lawsuit stems from an alleged 2021 data breach.
  • The breach affected 8.2 million current and former Cash App Investing customers.
  • Cash App and Block Inc. agreed to the settlement in March 2024 without admitting violations.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]Cash App users could soon begin receiving up to $2,500 pay out for $15M data breach settlementNew York Post, 1h ago (the report this story comes from)
  2. [2]Cash App settlement payments of up to $2,500 are landing. Here's who gets paid.Yahoo Finance, 1d ago
  3. [3]Cash App Users Could Receive Up to $2,500 in Payments from $15 Million SettlementPeople.com, 8h ago
  4. [4]Cash App users could receive up to $2,500 from a $15 million settlement: who qualifiesEl Cronista, 1d ago
  5. [5]Cash App Settlement Payments Begin October 2026: Who Gets Up to $2,500Meyka, 1d ago

Background

  1. [6]Cash App on Wikipedia
  2. [7]Cash App on Grokipedia
  3. [8]Asos warns millions of customers after cyber criminals obtain detailed data FTMQ News, 2d ago
  4. [9]Asos investigates unauthorised app notification sent to customers FTMQ News, 4d ago

Our newsroom writes these reports with the help of software, from the 9 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

Related from FTMQ News

Earlier reports of ours on the same people and subjects.

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