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

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 …