Binance Seeks $473M From RedotPay in New Lawsuit
Covered by 3 sources · 3 articles
3 outlets - including Coinedition, Crypto and Crypto-economy - are covering this story. Binance has launched a major legal battle against crypto payments firm RedotPay, accusing the company of violating a commercial agreement and redirecting hundreds of thousands of users. The exchange’s affiliated companies seek $472.8 millio…
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Binance Files $473M Lawsuit Against RedotPay Over Alleged Binance Card User Diversion
Binance has launched a major legal battle against crypto payments firm RedotPay, accusing the company of violating a commercial agreement and redirecting hundreds of thousands of users. The exchange’s affiliated companies seek $472.8 millio…
Binance files $473M lawsuit against RedotPay over alleged user diversion
Binance has sued RedotPay and its co-founders for nearly $473 million, alleging the company diverted more than 470,000 Binance Card users in breach of a commercial agreement. Bloomberg, citing a Hong Kong court filing it obtained, reported…
Binance Seeks $473M From RedotPay in New Lawsuit
TL;DR Legal Action: Binance-affiliated firms accuse RedotPay of diverting over 470,000 users from the Binance Card program, seeking $472.8 million in damages. Contract Dispute: The lawsuit claims RedotPay let customers fund its stablecoin c…