Millions of people use Cash App to manage payments to friends, businesses and family however the famous app may soon be giving some consumers cash too after getting a $15 million proposed settlement in a lawsuit over the company reply to security breaches.
If you have used Cash App over last 6 years you could be part of proposed $15 million class action settlement.
Cash App is one of mobile payment services such as Venmo or Zello and allow users to send and get cash invest in stocks, make payments, purchase bitcoins at various merchants.
If you used Cash App in last 6 years and dealt with a security threat you may be
When will I get my payout money?
A last approval hearing for the Cash App settlement is scheduled for Dec. 16, 2024.If approved payments would go out after that date.
Plaintiffs in the lawsuit allege that Block and Cash App were negligent when a former Cash App Investing employee accessed account data without permission in 2022 and when an unauthorized user reached various Cash App accounts in 2023 using recycled phone numbers that were connected to accounts.
loss or a transaction loss you need to provide third party documentation.
You can claim up to $2,500 for out of pocket losses and $25 per hour for reimbursement of lost time up to three hours. If you eligible to take part in $15 million proposed settlement.
Out of pocket losses involve cost linked with credit monitoring.
