Several Cash App customers have reported hackers taking their monies, and scammers are selling access to accounts on the dark web. According to the people Motherboard spoke with, hackers are breaking into naive victims’ Cash App accounts and stealing hundreds of dollars. According to one person, Cash App did not pay them for the stolen funds.

It’s frightful! In an online chat with Motherboard, Liz Shelby claimed that their son had been hacked. “My son gathered some money for a little trip with his grandmother. Before he went, we added it to his Cash App. On August 9, he called me and informed me that his money was lost. Shelby claimed that after checking the account, she discovered that someone else had accessed it and wired the money to themselves. Shelby claimed she tried emailing Cash App support but had no luck.

“I’m not getting anywhere and I’m sure my son will never get his money back,” she added.
With more than 50 million downloads from the Google Play Store, Cash App is one of the most downloaded payment service apps. Large-scale cash giveaways on social media are another reason why Cash App is infamous. The payment services provider Block, formerly known as Square, is the owner of the app. The business is led by Jack Dorsey. Another victim, Marvis Herring, told Motherboard that thieves tried to take $1,400 in two installments of $700. Herring thinks his bank stopped the fraudulent transactions in those instances.

Motherboard observed a large number of additional people posting on social media about how their Cash App accounts had been breached. The main oddity, according to Herring, was that when she attempted to update her account password, she discovered that Cash App accounts don’t actually require a password. Users can create an account with Cash App by signing up using either their email address or their phone number. Following that, a login code is provided to one of those.

Many people seem to be selling login information related to Cash App accounts on scam websites, dark web marketplaces, and social media. The postings for some of these people mention that the logs include the email address and password for a connected email account. Some of the listings may be scams, but those on the dark web markets come from fraudsters who, according to the review system that is typical on such sites, have garnered favorable feedback from fictitious clients. According to one listing for compromised Cash App accounts, the dealer had sold that particular item more than once.

According to one listing, “Our Cashapp accounts are of the greatest quality and we supply them at the most affordable prices on the market today.” Detailed Information Recently Compromised According to the ad, purchasers receive the compromised login credentials, the victim’s cookie file, and details like the IP address the victim used. Fraudsters may use this information to fool websites or apps into letting them log in as the user.