RedotPay Denies Binance's $473M Lawsuit Allegations, Promises Active Defense

RedotPay rejects baseless accusations in Binance's $473M lawsuit, pledging strong defense against claims of unauthorized fund usage and agreement breaches.

Woofun AI reports that RedotPay has issued a statement denying all allegations in the $473 million lawsuit filed by Binance, asserting that the accusations against the company and its co-founders are baseless. The firm confirmed it will mount an active defense against the legal proceedings initiated by the exchange.

Binance’s affiliate Chaintecs sued RedotPay’s co-founder in Hong Kong for allegedly directing over 470,000 users to the platform, causing significant losses through unauthorized use of Binance Pay funds for card recharges. A separate case involving RedotPay affiliates is scheduled for hearing in Singapore this Friday. The dispute stems from a terminated partnership where Binance claimed its funds were used for prepaid card top-ups despite isolation agreements.