The Cash App Class Action Settlement will soon be finalized and the deadline to file the claim was closed on18th November 2024. For the settlement program, a compensation amount of up to $2500 is set to be distributed among the affected customers by early 2026.
The cash app class action settlement deals with the serious case of data breaches faced by American citizens between 2018 and 2024. It was reported that data of the users were leaked without the consent of the customers and also, the customer care services also didn’t help them when they enquired about the cases they faced.
Cash App Class Action Settlement 2025
The cash app is a popular source of money transfer and money saving in the USA. It has millions of active users all over the country. But in 2025, due to the irregularity of the cash app, more than 55 lakhs of users of the cash app faced massive cases of data breaches and cybersecurity attacks between 2018 and 2023.
The bank details and payment information of many users’ data were leaked in front of the hackers due to which many customers went through fraudulent activities and money losses. The customers who want to get the compensation amount can file a claim and after the approval from the authorities, they will receive their settlement amount.
Cash App Security Settlement Overview
Organization | Cash App |
Name of Program | Cash App Class Action Settlement |
Country | USA |
Compensation Amount | Up to $2,500 |
Total Settlement | $15 million |
Payment Date | By early 2026 |
Beneficiaries | Affected customers (2018-2024 data breach) |
Category | Government Aid |
Official Website | https://www.cashappsecuritysettlement.com/ |
Cash App Settlement Details 2025
The affected customers who faced losses during the affected period are allowed to file a claim if they are hoping for a compensation amount to overcome their losses. However, the officials have kept some necessary criteria that the aspiring citizens must pass to avail the compensation benefits under the settlement program.
The affected customers should stay updated with the official website of cash app settlement www.cashappsecuritysettlement.com.
Due to this kind of inactivity from the Cash App, the users filed a class action lawsuit against the cash app. After so many allegations and enquiries in court sessions, the cash app accepted to pay the compensation amount of $15 million to settle their customers who faced losses due to their irresponsible act.
Important Updates on Cash App Settlement
The cash app class action Settlement Is going to have its final hearing on 13th January and once the settlement program receives the court’s approval, the affected customers will be given a compensation amount of up to $2500. This amount will vary according to the customers and will depend on the losses faced by them.
The officials allowed the affected customers to file a claim for the settlement program by keeping some eligibility criteria. The customers who faced data breach cases and irregularities due to the cash app filed the claim for the compensation amount and the deadline to file the compensation amount was closed on 18th November, 2024.
After the approval on settlement amount, the affected customers will start getting the compensation amount by early 2026 as official processes take time for the completion.
FAQs
Why did customers sue Cash App in a class action lawsuit?
Customers hit by data breaches and cyberattacks (2018–2023) filed a lawsuit.
Who is eligible for the cash app class action settlement amount?
Customers who lost money via Cash App from 2018 to 2024 are eligible for settlement.
How much will each affected customer receive in compensation?
The affected customers can expect a compensation amount of $2500 to cover up their losses.
Peter Robinson is an experienced writer with 5 years of expertise in government aid, tax news, and tax assistance. He writes for IAS Abhiyan News, providing clear and accurate updates on policies, financial aids, and tax news. Peter focuses on making complex topics easy to understand for everyone.