POPA ReconBinance vs. Red.Pay dispute resolution
Binance vs. Red.Pay dispute resolution 1. Attract and convert users at scale Claims that 470,000 users who should have been attracted to Binance Card were illegally diverted to Re.Pay, a competing product. Stealing customers from the Binance ecosystem and moving them to its own service is a violation of contract. 2. Binance Pay funds misuse/improper management What Binance has discovered since March 2026 Allows Re.Pay to use Binance Pay funds to recharge Re.Pay cards without proper segregation Through this, Lee.Pay has access to approximately $300 million worth of user funds
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