Regulation

How a crypto startup quietly siphoned 470,000 Binance users to build a $4 billion card empire

CryptoSlate1h agoUpdated 55m ago
How a crypto startup quietly siphoned 470,000 Binance users to build a $4 billion card empire
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Binance-affiliated entities filed a Hong Kong petition against RedotPay's founders, alleging the payment startup used its partnership with Binance to divert more than 470,000 Binance Card customers into its own competing stablecoin card. As Bloomberg News reported, Binance claims $472.8 million in losses, built on an…

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