Crypto
Binance affiliates sue RedotPay, alleging 470,000 Binance Card users left
Binance affiliates have filed a $472.8 million damages lawsuit against RedotPay co-founders, alleging RedotPay breached a commercial agreement and moved more than 470,000 Binance Card users to its service. The suit was brought by Nest Trading, Distributed Technologies and Chaintex Consulting Singapore, affiliates of Binance Holdings. Binance alleges RedotPay enabled users to top up RedotPay stablecoin payment cards using Binance Pay outside the contract scope.
