Transak USA $601,000 Data Breach Class Action Settlement
A $601,000 settlement is available for those affected by the September 2024 Transak USA data breach, offering up to $1,500 in compensation.Summary
A class action settlement of $601,000 has been reached with Transak USA LLC following a data breach in September 2024 that compromised personal information like names, addresses, driver’s license numbers, and dates of birth. Individuals in the United States whose information was affected are eligible to claim up to $1,500 for documented out-of-pocket losses, including expenses related to identity theft, credit monitoring, and document replacement. Alternatively, class members can opt for a $50 cash payment without providing documentation. If total claims exceed the settlement fund, payments will be reduced proportionally. The claim deadline is December 1, 2025. Settlement funds will be distributed approximately 90 days after final court approval, and are allocated as follows: $25,000 for administration costs, $200,000 for attorney fees, up to $4,500 for service awards to class representatives, and up to $601,000 for payments to eligible class members. Transak USA denies any wrongdoing but settled to avoid further litigation.
(Source：Claim Depot)