Binance-linked entities sue RedotPay over alleged diversion of Binance Card users, seeking $473M
Binance-linked entities have filed a lawsuit against RedotPay and its founders, alleging that RedotPay diverted more than 470,000 Binance Card users and seeking roughly $473 million in damages [1] [2] [3].
According to reports, the exchange claims about $304 million was moved from Binance Pay into RedotPay’s ecosystem, and that the dispute stems from an alleged breach of a partnership agreement signed in March 2025. RedotPay has rejected the allegations and said the lawsuit would not disrupt daily operations [2].
Crypto media coverage also notes that the case could increase scrutiny of crypto payment platforms and contribute to tougher global compliance expectations [4].
The lawsuit centers on claims that RedotPay improperly routed Binance Card users and allegedly transferred funds tied to Binance Pay, with RedotPay disputing the allegations [1] [2] [3].
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