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

**[TechCrunch](https://daily.dev/sources/tc)** · 2 min read · 0 upvotes · 0 comments

## Summary

Block has agreed to a $45 million settlement with 46 U.S. states over allegations that its Cash App failed to adequately protect users from fraud. State attorneys general found that Block misled users by falsely advertising bank-like protections, including advanced fraud detection. Cash App allowed account creation without Social Security numbers or birth dates and placed no limits on the number of accounts one person could open, enabling scammers to exploit the platform. The lack of an official customer support phone number also drove users toward fake support lines run by scammers. As part of the settlement, Block will improve fraud prevention measures and provide live customer support. This follows a prior $175 million CFPB penalty for similar failures.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2026/07/09/block-reaches-45m-settlement-with-46-states-over-cash-app-fraud-probe>

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---

Tags: [#fintech](https://daily.dev/tags/fintech), [#fraud-detection](https://daily.dev/tags/fraud-detection), [#regulatory-compliance](https://daily.dev/tags/regulatory-compliance)

[View this post on daily.dev](https://daily.dev/posts/block-reaches-45m-settlement-with-46-states-over-cash-app-fraud-probe-wow2u0ale)

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