Block’s peer-to-peer payment app known as Cash App has quickly built itself into one of the most trusted digital payments venues on the market. With 50 million downloads on the Google Play Store and nearly $4 billion in transactions in the first quarter of 2022, the app is increasingly relied upon to send and receive money safely online.
Unfortunately, with growing popularity has come growing attention from hackers. Over the last several months, there has been a rash of thefts from Cash App accounts, with some users reporting hundreds of dollars disappearing from their accounts.
“It’s scary!” said Liz Shelby, a recent victim of this kind of crime. “My son saved up some cash for a small vacation with his grandma. We put it in his Cash App before he left. He called me on August 9 and told me that his money was gone.”
Even worse, the app’s owners have offered little to no help in recovering missing funds. “I’m not getting anywhere [by emailing the company] and I’m sure my son will never get his money back,” Shelby added.