In a recent development that impacts millions of users, the Cash App parent company, Block, Inc., has finalized a settlement agreement over the massive data breach that occurred in 2021. The breach, which exposed sensitive user information including full names, account numbers, and financial data, led to a class action lawsuit. After months of legal proceedings, a cash settlement has been approved, and eligible users are set to receive compensation in 2025.
The settlement has been welcomed by consumer advocates and privacy groups who say it marks a strong step toward corporate accountability. Now, eligible claimants are turning their attention toward payment timelines and how to check the status of their claims.
Who Is Eligible for the Cash App Settlement Payment?
The settlement applies to former and current users of Cash App Investing whose data was compromised during the breach, specifically between January and April 2021. According to the court filings, eligible individuals include those whose personal information was accessed by unauthorized parties as a result of the company’s alleged failure to properly secure its systems.
To be included, users must have filed a valid claim by the deadline, which closed earlier in 2025. Claims that were approved will now move into the payment distribution phase. The settlement allows for a one-time payment of up to $100 per person, depending on the number of approved claims and the specific harm or costs experienced due to the breach.
How to Check Your Payment Status
Claimants who filed before the deadline can now check their settlement status using a secure portal provided by the claims administrator. The portal allows users to track the current phase of their claim whether it’s under review, approved, or scheduled for payment.
Here is a simplified overview of what each claim status means:
| Status | Meaning |
|---|---|
| Under Review | Your claim has been received and is being evaluated for eligibility |
| Approved – Pending Pay | Your claim has been approved and is awaiting payment |
| Payment Sent | Funds have been sent via your selected method (direct deposit or check) |
| Rejected | The claim did not meet requirements or had missing information |
The claim status tool is accessible through the official settlement website using your claim ID and email address. For users who lost their claim ID, recovery options are available via the support contact form.
When Will Payments Be Sent?
According to the latest update from the settlement administrator, payments are expected to begin disbursing in August 2025, continuing in batches through October 2025. The exact date you receive your funds will depend on your claim approval date and the payment method selected at the time of filing.
Direct deposit is the fastest option, while mailed checks may take up to two additional weeks. Claimants are advised to ensure their bank and mailing details are up to date to avoid delays.
What to Do if You Missed the Deadline
Unfortunately, if you did not file a claim before the settlement deadline, you will not be eligible to receive payment from this fund. However, you may still be able to take part in future class actions if similar breaches are discovered or new litigation arises. Signing up for legal notice alerts from consumer rights websites may help you stay informed.
What This Means for Cash App Users
The settlement not only provides compensation but also includes commitments from Block, Inc. to improve its cybersecurity infrastructure. The company has agreed to invest in stronger data protection measures, staff training, and third-party audits to help prevent future incidents.
This reflects a growing trend of legal and financial accountability for digital finance platforms handling large volumes of personal data. Users are encouraged to monitor their accounts for suspicious activity and consider enabling two-factor authentication for added security, regardless of receiving a settlement payment.