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Block Settles Cash App Fraud Lawsuit | Dover News
Block, the company behind Cash App, is settling a $45 million fraud lawsuit with multiple states after misleadingly advertising the app as secure like a bank and failing to verify user IDs, which fueled scams. Instead of tightening security, they ramped up ads as fraud surged. The settlement mandates better customer service, live support, and honest marketing — with Delaware receiving over $300K for consumer protection. This isn’t their first rodeo: they paid $120M last year for money laundering and just announced another $20M settlement for COVID relief scams. A judge must approve, but the…
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