Binance, RedotPay clash over fate of Singapore lawsuit
Summary
Binance and RedotPay are disputing the status of a Singapore case tied to their wider legal fight. RedotPay says Binance is expected to discontinue the Singapore proceedings after an Aug. 7 hearing and will seek legal costs if that happens. Binance denies this, saying it will not withdraw its claims and has informed the court and RedotPay. The Singapore matter is part of a broader dispute that includes a Hong Kong lawsuit seeking about $472.8 million in damages. Binance-linked entities accuse RedotPay of steering Binance Card users into stablecoin card top-ups outside a commercial agreement, allegedly causing losses based on customer lifetime value. RedotPay rejects the allegations and says it will defend itself.
