If you’ve been wondering whether the Cash App settlement in April 2025 is legit, here’s your answer: yes, it’s real—but only for users who submitted a claim before the November 18, 2024 deadline.
If your data was compromised in the breach between 2018 and 2024, you could be one of the eligible users expecting a payout by late 2025.
In this guide, we’ll walk you through what happened, who qualifies, how much you might receive, and how to track your payment status.
Overview
This high-profile case stems from a major data breach involving Cash App Investing, and now a class-action lawsuit has resulted in a $15 million settlement. Here’s a snapshot of what you need to know:
| Topic | Details |
|---|---|
| Settlement Total | $15 million |
| Max Individual Payout | Up to $2,500 |
| Eligibility Period | Aug 23, 2018 – Aug 20, 2024 |
| Claim Deadline | November 18, 2024 (Closed) |
| Payout ETA | Late 2025 |
| Claim Tracker | cashappsecuritysettlement.com or 1-866-615-9740 |
| Proof Required | For higher payouts: evidence of fraud, ID theft, or time lost |
The settlement aims to compensate users for identity theft, unauthorized access, and time spent dealing with the breach. Let’s look at how it all started.
Breach
In April 2022, Cash App disclosed that a former employee accessed customer data without permission. The compromised info included:
- Full names
- Brokerage account numbers
- Investment portfolio details
Over 8 million users were affected, sparking fear and frustration—and ultimately, a class-action lawsuit.
Lawsuit
Cash App didn’t admit wrongdoing but chose to settle the case with a $15 million payout to avoid drawn-out litigation. Affected users were notified via email or mail and invited to file a claim.
The lawsuit argued that Cash App failed to adequately secure sensitive user data, and the settlement serves as both compensation and a warning for companies handling private information.
Claiming
You were likely eligible if:
- You used Cash App Investing between August 23, 2018, and August 20, 2024.
- You received a notice confirming your data was compromised.
How to File
To claim your share, you had to:
- Submit a claim via cashappsecuritysettlement.com or by mail
- Enter your Claimant ID and Confirmation Code
- Optionally upload documents showing identity theft or fraud for a larger payout
The deadline passed on November 18, 2024, and late claims won’t be accepted.
Tracking Your Claim
Already submitted your claim? Here’s how to track it:
- Website: cashappsecuritysettlement.com
- Phone: 1-866-615-9740
- Have your Claimant ID and Confirmation Code ready
When Will You Get Paid?
Payouts are expected by late 2025, depending on:
- How fast all claims are verified
- Resolution of any appeals
- Completion of administrative steps
If you opted for direct deposit, you may get your money faster than those who requested checks.
Payouts
Not everyone will walk away with $2,500. Here’s how the money breaks down:
| Payout Type | Amount |
|---|---|
| Base Payment | $300–$500 |
| Max Payment | Up to $2,500 (with proof of serious harm) |
If you provided documents showing identity theft, fraud, or time spent fixing related issues, you may be in the top payout range.
Safety
This breach is a wake-up call. If you were affected—or just want to avoid future headaches—take these steps:
Turn on 2FA
Two-factor authentication is a must. It protects your account even if your password leaks.
Monitor Credit Reports
Use tools like Credit Karma or check directly with Equifax, Experian, and TransUnion.
Freeze Your Credit
This prevents anyone from opening new accounts using your info.
Use Breach Alerts
Go to haveibeenpwned.com and sign up for alerts.
Don’t Trust Suspicious Emails
Scammers love piggybacking on news like this. Avoid clicking links unless you’re 100% sure they’re legit.
Whether you’re waiting for your payout or just learning about the settlement, this case is another reminder to take digital privacy seriously. Stay alert, stay informed—and if your claim’s in, keep checking back for updates as 2025 rolls on.
FAQs
Is the $2,500 Cash App settlement legit?
Yes, but only for users who filed by November 18, 2024.
How do I track my Cash App settlement claim?
Visit cashappsecuritysettlement.com or call 1-866-615-9740.
Who was eligible for the settlement?
Cash App Investing users between Aug 2018 and Aug 2024.
When will settlement payments be made?
Most payments are expected by late 2025.
Can I still file a claim now?
No, the deadline to file was November 18, 2024.
