# Binance Affiliates Sue RedotPay for Alleged $473 Million Losses 2026-08-06T11:41:19+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Binance-affiliated companies have sued Hong Kong-based crypto payments firm RedotPay, seeking nearly $473 million in damages. The companies allege that RedotPay diverted customers from the Binance Card, breaching a commercial agreement. The filings link the alleged customer transfers to RedotPay’s rapid growth as it prepared for a planned initial public offering. RedotPay has denied the allegations and said it will defend the claims while continuing normal operations. The public summary does not include the agreement’s terms, evidence submitted by the Binance-affiliated companies or any court ruling. ## Coverage - gadgets360.com Tags: Binance, cryptocurrency, Hong Kong, legal dispute, RedotPay Canonical: https://indianopinion.org/binance-affiliates-sue-redotpay-over-alleged-473-million-losses/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/binance-affiliates-sue-redotpay-over-alleged-473-million-losses/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.