T-Mobile Begins $350M Settlement Payments After Data Breach

T-Mobile has begun disbursing $350 million to victims affected by a 2021 data breach, following final court approval in the Western District of Missouri. This payment reflects the company’s commitment to providing compensation for impacted customers directly, with no cryptocurrency involvement. Notably, this settlement avoids any potential scams associated with the payout and ensures that these payments are solely in US Dollars. The $350 million allocated to address the breach is being distributed to eligible claimants over several weeks, based on incurred costs. T-Mobile’s 2021 data breach impacted millions of customers, and the court proceedings were finalized in May 2025. These payments provide immediate relief to affected consumers without impacting the cryptocurrency market.