POPA ReconBinance Sues RedotPay for $470M, Alleges User Poaching
Binance Sues RedotPay for $470M, Alleges User Poaching Binance has filed a $470M lawsuit accusing crypto payment-card startup RedotPay of poaching its own users. RedotPay, a Hong Kong card issuer, had integrated Binance Pay as a funding option. Binance's suit says it then improperly diverted those users to itself. It is a rare public clash between Binance and a partner that plugged straight into its payment rails, turning on who really owns the customer in crypto payments. 👉 bloomberg.com/news/articles/2026-08-05/binance-claims-redotpay-diverted-users-in-470-million-lawsuit
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