FTC Investigates Block’s Handling of Frozen Cash App Accounts
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AI-assisted source synthesis · not an independent investigation.
On October 9, 2026, Digital Transactions News reported that the FTC is investigating whether Block has adequately assisted Cash App users whose accounts were frozen or deactivated. The report, citing Bloomberg, said that the relevant Square accounts involved up to $2.5 million in funds since 2022, but did not disclose the specific number of accounts, the reasons for the freezes, or how users were affected. Block said it is cooperating with the FTC to conclude the investigation. The report did not state whether the investigation had reached a conclusion or mention whether the FTC had taken enforcement action.
AI-written from reports · updated 10 days ago
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- Digital Transactions NewsFTC investigates whether Block adequately assisted Cash App users whose accounts were frozen
FTC is investigating whether Block failed to adequately assist Cash App users whose accounts were frozen or deactivated. According to Bloomberg, the relevant Square accounts have involved up to $2.5 million in funds since 2022. Block said it is working with FTC to resolve the matter.