Binance and RedotPay Clash Over Singapore Lawsuit Disposition
Binance and RedotPay are at odds over whether a Singapore case related to their $473 million Hong Kong legal battle is coming to an end.
RedotPay expects Binance to discontinue the Singapore proceedings following a hearing on August 7, but Binance claims it has no plans to abandon its claims. 'Reports that Binance will be withdrawing its Singapore claims are false,' a Binance spokesperson said. 'Binance is not abandoning its claims and has informed both the court and RedotPay accordingly.'
The disagreement marks the latest development in a broader legal fight between Binance-affiliated companies and RedotPay, which includes a separate Hong Kong case seeking nearly $473 million in damages. The Hong Kong plaintiffs allege that RedotPay diverted more than 470,000 Binance Card users by allowing Binance Pay funds to be used for stablecoin card top-ups outside the terms of a commercial agreement.
Binance ended its support for the integration with RedotPay as of April 3, 2026, citing a review of its merchant partners. The partnership was announced in December 2023, allowing Binance Pay users to make direct deposits to RedotPay cards.