CoinDesk·3 min read·medium
Crypto firm RedotPay says it will defend itself ‘vigorously’ against Binance lawsuit
O
Olivier Acuna
✦AI Summary
Binance has initiated legal action against the founders of Hong Kong-based RedotPay, alleging the firm diverted customers and misused funds, resulting in nearly $473 million in losses. RedotPay has denied the allegations and stated it will vigorously defend itself against the claims in court.
“RedotPay is aware of legal proceedings initiated by Binance and will vigorously defend all claims,” the firm said in an emailed statement. “The Company rejects the unfounded allegations made against it and its co-founders.”
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