Cash App users who sent money or cryptocurrency between January 10, 2021 and the date of the settlement’s preliminary approval because of a scammer’s misrepresentation, and never got it back, stand to be covered by a proposed $12 million settlement Block, Inc. filed on October 9, 2026. The settlement still needs court approval, so there is no claim form or deadline yet.
What Is the Cash App $12 Million Settlement?
Block, Inc., the company behind Cash App, has agreed to a proposed $12 million class action settlement with Cash App users who were tricked into sending money on the app and never got it back. The settlement was filed on October 9, 2026 in Tucker v. Block, Inc., No. 3:25-cv-00370, in the U.S. District Court for the Northern District of California before U.S. District Judge Maxine M. Chesney. Block denies the allegations and any wrongdoing.The court has not yet granted preliminary approval, and a hearing on the motion has been rescheduled. There is no settlement website, claim form or deadline yet.
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Who Is Covered?
According to the draft class notice filed with the settlement, the class covers people who transferred currency, including cryptocurrency, on Cash App between January 10, 2021 and the date of preliminary approval, where the money was never returned or refunded and was transferred because of an inaccurate, misleading, deceptive or fraudulent representation by the recipient, anyone acting for the recipient or anyone else connected to the transaction. That includes transactions where the sender says they never received the promised or expected value.Transactions the account holder did not initiate or authorize are excluded, such as transfers made after an account takeover or other unauthorized access. The class definition is not final until the court approves it.
What the Settlement Would Pay
The draft notice says Block will establish a $12,000,000 settlement fund. Class members who submit a valid claim would be reimbursed on a pro rata basis for qualifying transactions, meaning payments would depend on the total amount claimed, and class counsel’s attorneys’ fees and costs would also be paid from the fund. No per-person estimate has been announced.What the Lawsuit Alleged
Two Cash App users filed the case on January 10, 2025, saying they lost about $3,200 and nearly $20,000 to an investment scheme that had them send bitcoin through Cash App. They alleged Block failed to maintain the customer verification and suspicious activity reporting procedures required by the Bank Secrecy Act and state laws such as the California Money Transmission Act, letting scam accounts, including those behind so-called pig butchering schemes, operate on the platform. The complaint brought California unfair competition, negligence and unjust enrichment claims on behalf of a nationwide class.On December 15, 2025, Judge Chesney dismissed the complaint with leave to amend, finding it did not identify the specific statutory provisions Block allegedly violated or plead facts linking any violation to the plaintiffs’ losses. The plaintiffs filed an amended complaint on January 16, 2026, and Block moved to dismiss it in February. Before the court ruled on that motion, the parties filed a stipulation in April 2026 and a series of status reports from July through October, and submitted the settlement on October 9, 2026. Nichols Kaster and Stephan Zouras represent the plaintiffs.
How It Differs From Other Cash App Settlements
This is a different group of people from the other Cash App cases. The $15 million Cash App data breach settlement covered a data breach and unauthorized transactions, closed to claims in November 2024 and is paying approved claimants in October 2026. The CFPB redress checks for users whose disputes were mishandled are mailed automatically, and the $45 million multistate settlement pays the states rather than individual users.The $12 million settlement is aimed at payments users sent themselves after being misled, the kind of loss the unauthorized-transaction programs do not cover.
What Happens Next
The court must decide whether to grant preliminary approval. If it does, it will appoint a settlement administrator and approve a notice plan, and the settlement website, claim form, deadlines and a final approval hearing date would follow. OCA will update this page when that happens.Questions
Who is covered by the $12 million Cash App settlement?
According to the draft class notice, the class covers Cash App users who transferred money, including cryptocurrency, on Cash App between January 10, 2021 and the date of preliminary approval, where the transfer was never returned or refunded and was made because of an inaccurate, misleading, deceptive or fraudulent representation by the recipient or someone connected to the transaction. The class definition is not final until the court approves it.
Does the Cash App $12 million settlement cover hacked accounts?
The draft notice excludes transactions the account holder did not initiate or authorize, such as transfers made after an account takeover or other unauthorized access. The settlement is aimed at payments people made themselves after being misled. Unauthorized-transaction losses were part of the separate $15 million Cash App data breach settlement and the CFPB redress program.
When can Cash App users file a claim in the $12 million settlement?
Not yet. The settlement was filed on October 9, 2026 and still needs preliminary approval from the court. If it is approved, a settlement website, claim form and deadline would be announced. The draft notice says valid claims would be reimbursed on a pro rata basis from the $12 million fund after attorneys’ fees and costs.
Is this the same as the other Cash App settlements?
This is a separate case. The $15 million Salinas v. Block settlement covered a data breach and unauthorized transactions and is paying approved claimants in October 2026. CFPB redress checks for mishandled disputes are mailed automatically, and the $45 million multistate settlement pays the states, not individual users. The $12 million Tucker v. Block settlement covers payments users authorized after being misled.
Sources
• Tucker v. Block, Inc., No. 3:25-cv-00370-MMC (N.D. Cal.), docket via CourtListener, including the settlement filing (ECF No. 76, October 9, 2026) and the draft class notice summarized above• Class action complaint (January 10, 2025)
• Order granting Block’s motion to dismiss with leave to amend (December 15, 2025)
