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CashApp Settles $45M Fraud Lawsuit | Reno News
CashApp is paying $45 million to settle allegations it enabled fraud and money laundering by making its platform too easy for scammers to exploit—46 state attorneys general, including Nevada’s, joined the suit. Block, the company behind CashApp, denies wrongdoing, calling the settlement a way to close investigations. The complaint accused the app of running social media campaigns that steered users toward scams, falsely implying FDIC insurance, and offering nearly nonexistent customer service. As part of the deal, CashApp must overhaul its customer support, hire live agents, and actively…
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