RedotPay has pledged to "vigorously defend" claims brought by Binance-affiliated companies alleging that the crypto payments firm diverted more than 470,000 users from Binance Card, with the plaintiffs seeking nearly $473 million in damages.
"RedotPay is aware of legal proceedings initiated by Binance and will vigorously defend all claims. These proceedings have no impact on RedotPay's day-to-day operations," a RedotPay spokesperson told Cryptoprowl.
The lawsuit was filed in 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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"RedotPay is aware of legal proceedings initiated by Binance and will vigorously defend all claims. These proceedings have no impact on RedotPay's day-to-day operations," a RedotPay spokesperson told Cryptoprowl.
The lawsuit was filed in 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.
More From Cryptoprowl:
Ramp Network Brings Multichain Wallet and Rewards to EU
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3 months ago
