Nowadays, as the dependence on digital apps has increased, cyber security incidents are also coming to the fore at the same pace. Recently, a case was in the headlines in the US, in which a decision has been taken to compensate millions of Cash App users due to data leak. This article gives complete information about this settlement payment of up to $2,500 – eligibility, claim process and payment dates.
What is the settlement about?
This whole matter is related to a major data breach in the year 2021. At that time, a former employee allegedly downloaded sensitive information of more than 8 million users of Cash App. This information included full names of users, brokerage account numbers and in some cases stock transaction information.
Although passwords, social security numbers or usernames were not leaked, users’ privacy was still at risk. A lawsuit was filed regarding this, claiming that the company did not take adequate steps to protect user data. Although the company did not admit any fault, a settlement fund of millions of dollars has been created to settle the matter, which will compensate the affected users.
Who are eligible?
If you are wondering whether you are eligible for this payment or not, then check out the three conditions below:
- You must have used Cash App Investing before December 2021.
- Your data was involved in that security incident.
- You must have received a notification from Cash App stating that your information was exposed.
If you have not received the notice, do not despair. There are many users who did not receive emails or notifications, yet they were affected. You can check your eligibility by visiting the settlement website.
How much money can I get?
The total amount can be up to $2,500 — but that doesn’t mean everyone will get the full amount.
The payouts are divided into two categories:
- Users who suffered fraud or identity theft as a result of this data breach and can prove it can receive up to $2,500.
- Those who did not suffer any significant losses can also receive a small amount between $50 and $500.
This depends entirely on how many people file a valid claim. The more claims there are, the less the amount each person can receive as the entire fund will be distributed.
How to claim?
Assuming that you are a qualified individual you will be required to download a claim form that can be obtained in the official settlement site. The thing is easy:
- Just fill your name, address and so on.
- Upload proof of any fraud you experienced.
- Submit this form before August 15, 2025.
Keep in mind — if you miss this deadline, you will not be able to be part of this settlement.
When will payments arrive?
Final court approval is expected in September 2025. If there are no appeals or delays, payments could begin by the end of 2025. Payments will be sent to your bank account as a direct transfer or by check.
However, the legal process is time consuming, therefore, be patient.
Final Thoughts
The digital world that we live in nowadays cannot imagine a company rewarding its users. This time it is really happening. Take a look at your eligibility in case you have used Cash App Investing prior to December 2021.
Even if the amount is small — it’s free money, and for an incident that wasn’t your fault. Most importantly — don’t trust any fake websites or social media links. Only use the official settlement portal.
So check your email today, look for a notification from Cash App, and find out if you’re going to get this unexpected compensation!
FAQs
Q1. What is the Alaska Permanent Fund Dividend (PFD)?
The PFD is an annual payment to eligible Alaska residents, funded by the state’s oil revenues, to ensure citizens directly benefit from natural resources.
Q2. How much is the 2025 PFD payment?
In 2025, eligible residents will receive $1,702, which includes a $1,403.83 regular dividend and a $298.17 energy assistance bonus.
Q3. Who is eligible to receive the PFD?
Applicants must be Alaska residents, spend at least 72 hours in the state in 2023 or 2024, have no disqualifying criminal record, and apply by March 31, 2025.
Q4. How do I apply for the PFD?
You can apply online via pfd.alaska.gov by creating a myAlaska account, filling out the application form, uploading required documents, and submitting it before the deadline.
Q5. Is the PFD taxable?
While the PFD is not subject to state tax, it is considered taxable income by the IRS and must be reported on your 2025 federal tax return.