Story perspectives
Cash App Settles $15M Lawsuit Over Security Breaches
1/16/2025
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Story summary
- Cash App is facing a class action lawsuit due to security breaches, resulting in a $15 million settlement.
- Users impacted can claim up to $2,500 for unauthorized transactions from August 2018 to August 2024.
- The final settlement hearing is set for January 13, 2025, with claims due by November 18, 2024.
- Block Inc. will pay an $80 million fine for anti-money laundering law violations linked to Cash App.
