Cash App Class Action Settlement: What Happens if You Missed the Filing Deadline?

In December 2021, Cash App and Block Inc. became the targets of a significant lawsuit alleging that they failed to take the appropriate security measures to safeguard user data. The personal data of over 82 lakh Cash App Investing users, both past and present, was made public as a result of this data breach.

The most startling aspect was that, without anyone’s knowledge, a former employee obtained these users’ personal information and downloaded the data. Users’ identities, financial information, and other sensitive data were at danger as a result.

Claim deadline and settlement amount

In this case, an amount of $15 million was fixed to compensate the affected users. Eligible users could claim up to a maximum of $2,500, provided they could prove that their information was involved in this breach. The last date to claim was November 18, 2024, which has now expired.

If you noticed any suspicious transactions in your Cash App account between August 23, 2018, and August 20, 2024 or suspected that your data was leaked, this settlement was for you.

Were you eligible for a claim?

Cash App users had to meet certain conditions to make a claim:

• The user’s account must have been opened before August 23, 2018.
• The account must be active as of August 20, 2024.
• The user must not have previously received compensation from Block Inc. or any third party for this breach.

Users who met these conditions could claim up to $2,500 by filling out a claim form with documents proving their identity and loss.

How to make a claim?

The process of making a claim was kept very simple. Affected users had to visit www.cashappsecuritysettlement.com/submit-claim and fill out the form and upload the required documents. If users suffered any financial loss, wasted time or unauthorized transactions from their account due to the breach, they could claim in different categories:

• Personal expenses: If a user spent money on his own security, he could claim compensation.
• Loss of time: Users could claim up to three hours at the rate of $25 per hour for time lost due to problems related to data breach.
• Transaction-related loss: If money disappeared from someone’s account or they suffered any financial loss and they did not get compensation for it earlier, then they could claim it.

What to do if you have missed the claim deadline?

If for some reason you have not been able to claim by November 18, 2024, then there is no need to panic. You still have options. The law firm Kantrowitz, Goldhammer & Grafman is working on behalf of the victim in this case. You can contact them to know what you can do now and what the options are ahead.

• Phone number: 201-897-7293
• Website: kgglaw.com

This law firm can understand your situation and give you legal advice so that you can take the right steps in the future. If you have any strong documents or evidence, keep them safe – they can be very useful for you in the future.

Conclusion: What did you learn and what should you do next?

This data breach of Cash App turned out to be a big problem for millions of users whose personal information was at risk. Although the settlement process tried to provide relief to the users, not everyone was able to make a claim in time.

If you are also one of those who have missed this opportunity, do not despair. Keep your documents safe and take appropriate steps to seek legal advice. This way you can protect your rights and keep yourself safe from any problems in the future.

FAQs