RedotPay Vows to ‘Vigorously Defend’ Binance Lawsuit Alleging User Diversion

RedotPay has pledged to "vigorously defend" claims brought by Binance-affiliated companies alleging that the crypto payments steadfast diverted much than 470,000 users from Binance Card, with the plaintiffs seeking astir $473 cardinal successful damages.

"RedotPay is alert of ineligible proceedings initiated by Binance and volition vigorously support each claims. These proceedings person nary interaction connected RedotPay's day-to-day operations," a RedotPay spokesperson told Cryptoprowl.

The suit was filed successful Hong Kong by Binance affiliates Nest Trading Ltd., DistributedTechnologies Ltd. and Chaintecs Consulting Singapore Pte against RedotPay co-founders Gao Zhangpeng, Chan Wa Choi and Yao Chao, according to a Bloomberg report.

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The plaintiffs allege the founders breached a commercialized statement by allowing users to money RedotPay stablecoin outgo cards done Binance Pay extracurricular the scope of the agreement, per the report. Binance reportedly estimates damages of $472.8 cardinal based connected a claimed beingness lawsuit worth of $925 for each user.

A related suit was also filed successful Singapore, with a proceeding reportedly scheduled for Friday.

RedotPay rejected the allegations and said it would respond done the due ineligible process. The institution declined to remark connected the circumstantial allegations, saying the substance is present earlier the court.

The ineligible quality comes arsenic RedotPay says it has continued to grow rapidly. The institution told Cryptoprowl that its idiosyncratic basal has grown by much than 33% to implicit 8 cardinal customers during the past six months, up from 6 cardinal successful November 2025.

RedotPay claimed it generates astir $180 cardinal successful annualized gross and processes astir $14 cardinal successful annualized outgo volume. It besides described itself arsenic the largest crypto paper programme by on-chain volume, citing autarkic information steadfast Paymentscan.

Cryptoprowl reached retired to Binance for comment, but had not received a effect by publication.