If you are using a phone or any other electronic device, then you have surely seen that almost every day, there is a new app launched. And with technology getting advanced every day, people who are waiting to scam people are getting smarter day by day, using these advanced technologies. Cash App is an advanced digital wallet used widely in the USA, and now the company has been accused of digital fraud.
A $15 million class action lawsuit has been filed against the company for the acquisition of a data breach and misuse of data. The settlement will help all those individuals who were affected by the data breach, and up to $2500 will be provided to the affected eligible customers.
Cash App Settlement Payment Update July 2025
Cash App is being used by millions of customers for daily transactions, and many people are still using it on a daily basis without the knowledge of that their personal data might have been compromised in the data breach that happened 4 years ago.
This breach was noticed in December 2021, and since the company failed to notify its users about the data breach, a class action suit was taken against it. After all these years, the customers whose data were leaked may receive some compensation, and most importantly, they will get justice. Users who have met the eligibility criteria will receive up to $2500 for the loss incurred from the data breach and an additional $75 for delaying the issue.
If you have been on the list of the affected customers or you believe that your data has been compromised, make sure to follow the information on this case and stay updated on the latest updates on payment dates and other notices.
Cash App Class Action Payment Update in July 2025: Overview
| Article on | Cash App Class Action Suit Payment Update in July 2025 |
| Country | United States Of America |
| Company | Cash App Inc |
| Claimant | Affected users of Cash App |
| Total Settlement amount | $15 million |
| Individual payout | Up to $2500 |
| Category | Class Action |
| Payment Date | Estimated to get delivered either by the end of 2025 or starting in 2026 |
| Official settlement website | cashappsecuritysettlement.com |
How did the data breach happen?
In December 2021, many users started noticing some unauthorized access requests in the app for retrieving security key and many other important details, and mostly these requests were from recycled phone numbers.
Customers sensed foul play and immediately confronted the administration of Cash App. After investigating the matter, Cash App found out that a former employee had gained access to all the sensitive data and leaked that to external sources after leaving the company. It is being speculated that it was done out of revenge.
Because of the data breach, there were many unauthorized transactions, and many users also lost most of their balance in the account, and others lost complete control of their accounts. Despite all the things that were faced by the customers, the company became unresponsive upon asking questions.
The company was heavily criticized for how they have handled the situation. It is the responsibility of a company if any kind of breach has happened to inform the customers and lock all their accounts until the security breach has been resolved.
According to the lawsuit, the company is being sued for two most important factors that they failed to inform their customers timely and if they had, there might have been fewer consequences. Secondly, after the numerous complaints, they delayed in resolving the issue and were unresponsive to the queries asked.
Payout details of the settlement
- Out-of-Pocket Losses – many claimants have filed for reimbursement for out-of-pocket losses with solid proof of all the supporting documents. All these claimants will receive up to $2500 according to their individual case and the amount of loss. This will be applicable for those who have faced the direct consequences of data breaches and security issues in their accounts (Cash App account). The duration of the loss should be between 23rd August 2018 to 20th August 2024.
- Lost time or delay in resolving the issue compensation – all the users who have faced loss because of the time taken by the company to resolve the data breach and all other security issues, while also being unresponsive, will be receiving up to $25 per hour.
- Loss faced in unauthorized transactions – all those users who have incurred loss and have lost money due to the data breach will be eligible for a part of the settlement amount. The transaction should have been within the declared timeline, and the claimant should provide supporting documents like police reports of the incident to claim the amount from the settlement.
Qualification criteria to meet for the compensation
- The claimant should have a Cash App account or an investing account in the same company.
- The losses must have occurred within 23rd August 2018 to 20th August 2024
- One should have all the proof of the financial loss they have incurred while using the Cash app, especially if there are financial losses.
- Also, there should be proof of unauthorized access being requested by a third party and that the data has been misused.
The payments are to be disbursed after the settlement authorities go through the verification process, and due to the length of the lawsuit, it is expected that the payments will be disbursed by the end of 2025. These are the platforms through the disbursement will take place
- Through bank transfers
- Through other payment platforms like PayPal, Zelle, etc.
Claiming process
- Visit the official settlement website and check out the settlement form. Make sure to go through the form very carefully before filling.
- Then provide your personal details, like the associated email or phone number, with your Cash App account. And with these details on all the financial loss incurred during the mentioned timeline.
- Upload all the supporting documents needed.
- If a person has more than one account that was affected due to the data breach, they have to mention all the accounts in the claim.
| Official Website | Click Here |
| Homepage | Moyle-Council.org |
