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Block reaches $45M settlement with 46 states over Cash App fraud allegations · Cyprus Report

Tech · World

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

2 sourcesFirst reported 12 days agoUpdated 12 days ago

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Block has reached a $45 million settlement with 46 US states regarding allegations related to Cash App.
The settlement addresses claims that Cash App did not adequately protect users from fraud.
State attorneys general stated that Block misled users by falsely advertising that Cash App offered bank-like protections.
The agreement aims to resolve the concerns raised during the fraud probe of the app.

Generated by AI from the 2 sources below · always verify with the originals

AI summary: catch up in 20 seconds

Summarising the coverage…

Generated by AI from the 2 sources below · always verify with the originals

All coverage (2)

Block reaches $45m Cash App fraud probe settlement with US statesFinextra · 12 days ago
Block reaches $45M settlement with 46 states over Cash App fraud probeTechCrunch · 12 days ago

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AI summary: catch up in 20 seconds

Block has reached a $45 million settlement with 46 US states regarding allegations related to Cash App.
The settlement addresses claims that Cash App did not adequately protect users from fraud.
State attorneys general stated that Block misled users by falsely advertising that Cash App offered bank-like protections.
The agreement aims to resolve the concerns raised during the fraud probe of the app.

Generated by AI from the 2 sources below · always verify with the originals