RedotPay Rejects Binance’s $470M Lawsuit Over Alleged User Poaching

RedotPay has dismissed Binances allegations that it improperly diverted hundreds of thousands of users from Binance Pay, saying it will vigorously defend itself against the lawsuit seeking nearly $470 million in damages. In a statement to CoinDesk, the Hong Kong-based stablecoin payment card issuer said it was aware of the legal action and strongly denied the claims. The company added that the allegations against both RedotPay and its co-founders are without merit. According to reports, Binance affiliates filed the lawsuit accusing RedotPay of redirecting approximately 470,000 Binance…  Read more

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