Evolve Bank & Trust Settlement
On June 26, 2024, Evolve Bank & Trust announced that its systems were breached in May 2024 in a ransomware attack by cybercriminal group LockBit. The group appears to have gained access to Evolve’s systems after an employee invertedly clicked on a malicious Internet link. LockBit subsequently accessed and downloaded Evolve’s customer information from its databases and a file share in February and May 2024.
As a fintech firm, Evolve partnered with numerous other companies, including Affirm, Bilt, Shopify, Mercury, Plaid, and Stripe. If you did business with any of these companies, your private information may have been compromised and you could be eligible for payment after Evolve has agreed to a settlement.
Check out all the details below and file a claim on or before October 30, 2025.
Who’s Eligible for this Settlement?
You are affected by the Settlement and potentially a Settlement Class Member if you are a person in the United States who provided their Private Information to Evolve, directly or indirectly, and whose Private Information was included in files affected by the Data Incident.
Emails were sent out recently to eligible members, so make sure to check your spam or trash folder if you have missed it. If you received notice, you either had an account with one of those fintechs or directly held an account with Evolve.
If you are not sure whether you are included in the Settlement, you may contact the Settlement Administrator at (833) 421-7300, Monday through Friday 8 a.m. to 8 p.m. ET (excluding major U.S. holidays) with questions.
Related: See All Settlement Rebates Here
Settlement Payout
The Settlement provides the following Settlement Class Member Benefits available to Settlement Class Members who submit Valid Claims:
- Cash Payment A – Documented Losses, up to $3,000 per Settlement Class Member, with reasonable supporting documentation; or
- Cash Payment B – Flat Cash – an estimated $20 Cash Payment;
- and in addition to one of the Cash Payment options, Credit Monitoring for one (1) year of monitoring that will provide the following benefits: credit monitoring, real-time alerts, and insurance coverage for up to $1,000,000 for identity theft.
All Settlement Class Cash Payments (Cash Payment A and Cash Payment B) will be subject to a pro rata increase from the Settlement Fund in the event the amount of Valid Claims is insufficient to exhaust the entire Settlement Fund. Similarly, in the event the amount of Valid Claims exhausts the amount of the Settlement Fund, the amount of the Cash Payments may be reduced pro rata accordingly.
Filing a Claim
To receive a Settlement Class Member Benefit, you must complete and submit a Claim Form online at here or by mail to In re Evolve Bank & Trust Customer Data Security Breach Litig., c/o Kroll Settlement Administration LLC, P.O. Box 225391, New York, NY 10150-5391.
Read the Claim Form instructions carefully, fill out the Claim Form, provide the required documentation, and submit online by October 30, 2025, 11:59 p.m. CT or by mail postmarked by October 30, 2025.
To be valid, your Claim Form must contain all the requested information and must be signed (by hand or electronically) by you.
By signing and submitting a claim form, you swear under penalty of perjury that the information provided is true and correct.
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