Thousands of data‑breach victims will finally see compensation; the first wave of payments is slated for July 15 2025, with more batches to follow through the fall.
Cash App users affected by the 2022 security breach can start celebrating. Court documents made public this week confirm that the first group of approved claimants will receive deposits of up to $2,500 as early as July 15, 2025. That date matters if you reported fraudulent withdrawals between August 23, 2018 and August 20, 2024—the window covered by the class‑action lawsuit.
Why early claimants could see up to $2,500 land by July 15, 2025
The settlement sets aside $15 million for direct cash relief. Payments are prioritized on a “first‑verified, first‑paid” basis, meaning files that cleared inspection before the March 31, 2025 review cutoff head to the front of the line. Not in that first batch? Don’t panic; subsequent disbursements are scheduled every four weeks until the fund is exhausted.
This is the exact filing checklist every eligible Cash App user should complete this weekWondering whether your claim is airtight? Run through this quick list before the final administrative audit wraps up:
- Account status: You used Cash App or Cash App Investing during the breach period.
- Unauthorized access: Records show at least one login without your permission.
- Financial impact: Fraudulent transfer or withdrawal occurred.
- Documentation: You uploaded statements, incident reports, or bank letters proving the loss.
- Timely submission: Your claim reached the settlement portal by November 18, 2024.
Miss something above? Fixes must be uploaded no later than June 30, 2025 or the claim risks denial.
Timeline and payout methods so you know when and how money arrives
Once an application clears, administrators release funds directly to the debit card or bank account on file. Here’s the current schedule:
| Milestone | Earliest Date | Notes |
|---|---|---|
| Final deficiency corrections due | June 30, 2025 | Additional evidence window closes |
| First payment wave | July 15, 2025 | Up to $2,500 for fully verified claims |
| Second payment wave | August 12, 2025 | Remaining tier‑one claims paid |
| Monthly catch‑up cycles | Sept–Dec 2025 | Late‑verified claims processed |
| Settlement fund sunset | December 31, 2025 | All disbursements complete |
Still waiting after the first two waves? Keep an eye on your email; administrators send a confirmation message 48 hours before each release.
What should you do now? Double‑check your routing information inside the settlement portal—nothing stalls a payout faster than outdated banking details. After that, monitor your Cash App activity statement; the credit appears as “Security Settlement Payment” and should post within 24 hours of the transfer notice.
Stay alert, resolve any document gaps, and make sure your deposit info is current. Following those steps could place up to $2,500 back in your pocket before the year is out.