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

If you were affected by the 2021 Cash App data and security breach and were unable to file a claim for compensation, you may still have some legal options. In this article, we will provide complete information about the case and also tell you what you should do now if you were unable to file a claim in time.

How did the Cash App data leak happen?

Cash App and its parent company, Block Inc., suffered a major data leak in December 2021. The leak occurred when a former employee of the company secretly accessed user information and downloaded it without permission. The leak caused private information of about 8.2 million current and former users to become public.

Following the incident, affected users filed a lawsuit against the company and alleged that Cash App and Block Inc. did not take adequate steps to protect users’ information.

Compensation in the Cash App data leak case

A $15 million settlement was reached in the case, providing financial compensation to affected users.

• ✔️ Maximum compensation: Affected users could claim up to a maximum of $2,500.
• ✔️ Deadline to file a claim: November 18, 2024
• ✔️ Compensation was only given to users who filed a claim with confirmation of their information.

Were you eligible for compensation?

Users had to meet the following conditions to receive compensation:

• ✔️ Cash App account must have been opened before August 23, 2018.
• ✔️ The account must have been active until August 20, 2024.
• ✔️ User must not have previously received any compensation from Block Inc., Cash App Investing, or any other party.

What to do now if you did not file a claim on time?

If you were unable to file a claim by the deadline of November 18, 2024, there are still some legal options available.

You can take the following steps:

1. ✅ Get legal advice: Contact the Kantrowitz, Goldhammer & Grafman law firm.
2. 📞 Phone number: 201-897-7293
3. 🌐 Website: kgglaw.com

✅ If you have solid evidence that your data was leaked and you suffered financial losses, you can take legal action in the future.

What claims could Cash App users apply for?

Cash App allowed affected users to apply for three types of claims:

• 1️⃣ Personal financial losses (Out-of-Pocket Losses):
  • If your account was affected and you suffered financial losses, you could claim up to $2,500. For this, it was necessary to submit proof of financial loss.
• 2️⃣ Lost Time Compensation:
  • If you had to spend time dealing with financial problems due to the data leak, you could receive up to three hours of compensation at $25 per hour.
• 3️⃣ Transaction Losses:
  • If you have suffered financial losses from fraud or other transactions and have not already received any compensation, you could also claim for this.

How to keep your Cash App account safe?

Since this data leak affected millions of people, take these steps to keep your account safe in the future:

• 🔹 Monitor your account regularly.
• 🔹 Set strong passwords and turn on two-factor authentication (2FA).
• 🔹 Avoid phishing scams and only log in from the official Cash App website or app.
• 🔹 Contact Cash App customer service immediately for any suspicious activity.

Conclusion

The Cash App data leak was a significant incident that exposed the private information of millions of users. Those who were able to claim on time received compensation, but if you missed the claim, there are still options to seek legal help.

Apart from this, it is extremely important to keep your digital financial accounts secure in the future. By taking security measures, you can protect your data from potential threats.

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