Binance Sues Largest Crypto Card Company RedotPay, Alleges User Diversion and Seeks $472.8 Million According to Bloomberg, Binance-affiliated entities Nest Trading, DistributedTechnologies and Chaintecs Consulting Singapore filed a lawsuit in Hong Kong against RedotPay…
founders Gao Zhangpeng, Chan Wa Choi and Yao Chao. The lawsuit alleges that they breached an agreement by diverting more than 470,000 Binance users to RedotPay, causing $472.8 million in losses
RedotPay denied the allegations and said it would defend itself through the appropriate legal process. Chaintecs has also filed a lawsuit against RedotPay affiliates in Singapore, with a hearing scheduled for Friday. — link