Cash App’s owner to pay $45M settlement over fraud prevention lapses
The parent company of Cash App agreed to pay $45 million after regulators found it failed to prevent fraud. This affects Cash App users and shows ongoing risks in crypto payments compliance.
Cash App’s parent company has agreed to a $45 million multistate settlement over alleged fraud prevention failures, according to a report. The settlement is the result of regulatory enforcement. It highlights ongoing compliance risks in the crypto payment space.