Binance alleged RedotPay poached customers from the crypto exchange in a lawsuit filed in Hong Kong.
- Binance has sued Hong Kong-based RedotPay and its founders, alleging the firm diverted about 470,000 Binance customers and caused nearly $473 million in losses to the exchange.
- RedotPay, which calls itself the world’s largest stablecoin payment card issuer and is planning a U.S. IPO of more than $1 billion, has rejected the claims as unfounded and vowed to defend itself “vigorously.”
- Binance alleged RedotPay improperly used Binance Pay funds to top up its own prepaid cards against contractual agreements.
- 1 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 19 hours ago
- 2 Crypto job postings triple to over 1,200 in September, but applications fall 19 hours ago
- 3 Cathie Wood says smart investors need to start watching where AI agents spend money 20 hours ago
- 4 Crypto's Sisyphean struggle 22 hours ago
- 5 BlackRock offers a glimpse of how tokenization may change your investment portfolio 22 hours ago
- 6 Bank group sues U.S. regulator over granting crypto trust charters 1 day ago
- 7 BNY in talks with Kraken parent Payward over infrastructure partnership 1 day ago
- 8 Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% 1 day ago
- 9 Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown 1 day ago
- 10 America at a crossroads: Commissioner Peirce’s parting challenge 1 day ago
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto job postings triple to over 1,200 in September, but applications fall
BlackRock offers a glimpse of how tokenization may change your investment portfolio
Original sourceCoinDesk
The original source remains the canonical version for attribution, rights, and later updates.
Read original ↗Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.
← Back to latest