If You're a Cash App User: Potential Eligibility for a $2,500 Compensation
Rewritten Article:
Hey there! So, you got your Cash App account busted? You might be in line for a sweet settlement if you've got an active Cash App account between August 23, 2018, and August 20, 2024. Here's the lowdown on why there's a legal kerfuffle and whether you qualify for a piece of the action.
The Dirty Deeds
According to the settlement, a former employee pilfered some Cash App data back in 2022. In 2023, a crafty intruder managed to lay their hands on more Cash App accounts using your phone digits. Cash App and its big daddy, Block, faced heat for neglecting their security obligations, ignoring user complaints, and being slack in squashing fraud. The lawsuit lays it all out in vivid detail right here.
Are You in the Hot Seat?
To cash in, you've got to have a Cash App or Cash App investing account within the dates stated, and one of these scenarios applies: someone entered your account without your green light, or you suffered a shady withdrawal or transfer.
How Much Can You Score?
Cash App and Block set aside $15 mil for the settlement pot. After they shell out lawyer fees and other costs, the rest will be dished out to the victims. The exact dough you get depends on the number of claimants, but you can grab up to $2,500. You might also claim for the time you wasted dealing with the fraud, which can net you up to $75. If the fund runs dry, you'll still get a slice, but it'll be smaller.
Ready to Cash In?
Pop over to here to file your claim online. Make sure you've got your proof of trouble with you, like statements or screenshots of your Cash App transactions. You can also ring 'em up at 1-866-615-9740 or pen a letter to Cash App Settlement Administrator, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103, but the quickest bet is the online route. The deadline for filing a claim is November 18, 2024. Here's a heap more info on filing claims, lawyers that've got your back, and opting out of the claim.
Extra Insight: To be eligible, your account must've been opened before August 23, 2018, and active until August 20, 2024. You can claim for out-of-pocket losses or time you lost dealing with the fallout. Your proof of Cash App usage comes in handy when you file a claim. Late filers might want to reach out to the law firm handling the case, Kantrowitz, Goldhammer & Grafman, for extra legal assistance, but they've probably missed the deadline. The settlement will be cleared up at the final hearing scheduled for January 13, 2025.
- The unauthorized entry into Cash App accounts, allegedly due to negligence in security measures and ignoring user complaints by the company, has led to a heated legal battle that involves technology and tech giant, Block.
- Victims who had active Cash App accounts between August 23, 2018, and August 20, 2024, and had experienced unauthorized transactions or entry, may be eligible for a share of the $15 million settlement fund, provided they file their claims before November 18, 2024.
- To resolve this issue, Cash App and Block have agreed to set aside funds to compensate victims for their losses and time spent dealing with the fraud, with each claimant potentially receiving up to $2,500 and an additional $75 for time wasted.
- Details about the settlement, including the process to file a claim, lawyer recommendations, and opt-out options, can be found on the official cash app settlement website.
