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Crypto Startup Allegedly Diverts 470,000 Binance Users to Establish $4 Billion Card Business

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FOMOGRAM Editorial Desk
Aug 6, 2026
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Crypto Startup Allegedly Diverts 470,000 Binance Users to Establish $4 Billion Card Business
EXECUTIVE SUMMARY

Binance has filed a petition against RedotPay for allegedly diverting 470,000 users to its competing stablecoin card, claiming $472.8 million in losses. RedotPay denies the allegations and asserts its operations remain unaffected.

Binance has filed a petition against RedotPay for allegedly diverting 470,000 users to its competing stablecoin card, claiming $472.8 million in losses. RedotPay denies the allegations and asserts its operations remain unaffected.

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Binance's legal action against RedotPay could impact user trust and operational dynamics, affecting BNB's market perception.

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