TechFlow, June 8 — According to The Daily Hodl, T-Mobile has begun distributing $350 million in class-action settlement funds to millions of customers affected by the massive 2021 hack and data breach.
The settlement administrator confirmed that disbursements have started and will continue over the coming weeks. The 2021 cyberattack exposed personal data of approximately 76 million U.S. customers, including sensitive information such as names, addresses, and Social Security numbers.
T-Mobile agreed to the settlement in July 2022 to resolve claims stemming from the August 2021 data breach. Eligible customers will receive either direct deposits or paper checks ranging from $25 to $100, depending on their claim selection, with some users eligible for up to $25,000 if they documented significant losses.
The settlement also includes two years of free identity protection services for affected individuals. T-Mobile stated it has strengthened its cybersecurity protocols to prevent future incidents but did not admit any wrongdoing as part of the settlement.
