Binance sues RedotPay over alleged $473 million user losses: Report
CoinTelegraph·
60-second summary
Binance-linked companies are suing RedotPay, alleging it diverted over 470,000 Binance Card users under a commercial deal, resulting in nearly $473 million in user losses. The lawsuit seeks damages for the alleged breach of contract, highlighting concerns about user security and trust in the digital payment ecosystem, potentially impacting Binance's reputation and user confidence.
Binance-linked companies sued RedotPay, accusing it of diverting more than 470,000 Binance Card users under a commercial deal and seeking nearly $473 million in damages.