Executives allege that RedotPay violated partnership terms by using Binance Pay funds to power its own prepaid crypto cards.

Binance files a $470 million lawsuit against RedotPay alleging fund diversion, months after terminating their Binance Pay partnership in April

Binance-linked companies sued RedotPay in Hong Kong, alleging it diverted more than 470,000 Binance Card users and damaged the company by $472.8 million.