Binance and crypto payment provider RedotPay are publicly disagreeing about the future of a legal case in Singapore. A RedotPay spokesperson stated the company expects Binance to drop the proceedings after an August 7 hearing and is seeking legal costs. Binance rejected this characterization, with a spokesperson confirming that its claims remain active and that it has informed both the court and RedotPay of its intent to continue.
This dispute in Singapore is connected to a larger lawsuit in Hong Kong. There, companies linked to Binance are seeking approximately $473 million in damages from RedotPay. The claim alleges that RedotPay diverted more than 470,000 users from the Binance Card program. The conflict follows Binance’s decision in April 2026 to end support for RedotPay’s integration with its payment system.
Key facts
- Binance explicitly denied reports that it is withdrawing its claims in the Singapore case, stating the matter remains active.
- RedotPay expects Binance to discontinue the Singapore proceedings following a hearing on August 7, 2026.
- A separate lawsuit in Hong Kong involves Binance-linked entities seeking roughly $473 million in damages from RedotPay.
- The Hong Kong claim centers on the alleged diversion of over 470,000 Binance Card users to RedotPay services.
- Binance terminated support for RedotPay’s integration with Binance Pay on April 3, 2026, citing a review of merchant partners.
Why it matters
This public disagreement highlights the intensifying legal battle between two significant players in the crypto payments sector. The outcome of these cross-border cases in Singapore and Hong Kong could set precedents for how user acquisition and partnership disputes are handled in the industry. It also underscores the financial risks associated with integrated payment services, as evidenced by the substantial damages sought in the Hong Kong litigation.