Binance and RedotPay gave conflicting accounts of the status of Singapore litigation following an August 7, 2026 hearing, according to Cointelegraph’s reporting.
RedotPay told the outlet it expected the proceedings to be discontinued and intended to seek legal costs. Binance told the same outlet that it was maintaining its claims. Those statements establish the parties’ positions; they do not establish a court’s final determination.
Related reporting: Binance Sees $400M Weekly Net Outflows as EU MiCA Deadline Approaches
Separate proceedings and disputed claims
The reporting linked the Singapore dispute to separate Hong Kong proceedings involving Binance-affiliated companies and a claim of nearly $473 million. The claimed amount is not an award of damages.
RedotPay contested the allegations. A claim about diverted customers should therefore be described as the plaintiffs’ allegation, rather than conduct proved by a judgment.
What readers can conclude
A hearing, a party’s expectation that a case will end and a formal discontinuance are different procedural events. The evidence cited here does not resolve the competing accounts of what would happen next.
This article credits the outlet that obtained the company responses. It does not represent those responses as interviews conducted by The Token Press.
Editor’s note: The disputed case status and damages allegation have been clarified. Unsupported implications of a court outcome have been removed; the original publication date is retained.