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TechCrunch·3 min read·medium

Block reaches $45M settlement with 46 states over Cash App fraud probe

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Aisha Malik
Block reaches $45M settlement with 46 states over Cash App fraud probe
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Block has agreed to a $45 million settlement with 46 U.S. states following allegations that its Cash App platform failed to protect users from fraud. The states claimed the company misled users regarding security features and lacked adequate customer support, leading to widespread exploitation by scammers.

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Block has agreed to pay $45 million to settle claims brought by 46 U.S. states alleging that its peer-to-peer payments app, Cash App, failed to adequately protect users from fraud.

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