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Binance Sues RedotPay, Seeks $472.8 Million Over Alleged User Diversion

WeMaple AI by WeMaple AI
August 5, 2026
in Crypto
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Binance Sues RedotPay, Seeks $472.8 Million Over Alleged User Diversion
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The post Binance Sues RedotPay, Seeks $472.8 Million Over Alleged User Diversion appeared first on Coinpedia Fintech News

Binance-affiliated entities have filed a lawsuit in Hong Kong against RedotPay and its co-founders, alleging they breached an agreement by diverting more than 470,000 Binance users to the crypto card platform. According to the complaint, the alleged actions caused $472.8 million in losses. RedotPay has denied the allegations and said it will defend itself through …

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DeFi Could Capture 50% Of The World With Better Regulation: Chainlink Co-Founder

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