Binance has filed a $470 million lawsuit against RedotPay, alleging the crypto payments platform diverted user funds. The two companies previously had a commercial partnership: RedotPay integrated Binance Pay into its crypto debit card system. This partnership was terminated on April 3, 2026, with Binance ending all Binance Pay functionalities on RedotPay. RedotPay operates as a crypto debit card platform allowing users to load funds via various on-chain transfers, including USDT on the TRC20 network, targeting regions with limited traditional banking access. This lawsuit marks one of the largest intra-industry legal battles this year.
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