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Cash App reaches $45 million settlement with 46 states over alleged failure to protect users from fraud
According to the indictment, Block exposed its users to fraud by misleading them about Cash App's security. The company promised advanced fraud detection mechanisms but allegedly allowed...
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theblock.co
Cash App owner Block to pay $45 million after states say it made false security promises
Block Inc. has agreed to pay $45 million to settle allegations brought by regulators in nearly every U.S. state.
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cryptobriefing.com
Block, Inc. settles states' probe over Cash App fraud protections for $45M
Block, Inc. agreed to pay $45 million to 46 state attorneys general over allegations Cash App misled users about fraud protections and lacked basic customer
