Binance and stablecoin payments company RedotPay are locked in a new dispute over the fate of a Singapore lawsuit tied to their broader $473 million legal battle, with RedotPay saying it expects the proceedings to be discontinued while Binance debunking the claims.

The conflicting statements add another twist to an increasingly bitter legal fight between Binance-affiliated companies and RedotPay, which began months after Binance ended its integration with the payments platform.

Binance says Singapore claims are still alive

RedotPay initially claimed that it expects Binance to discontinue the Singapore proceedings following a hearing on Aug. 7, 2026. The company said it plans to seek legal costs associated with the discontinuance from the claimant, although the two sides would first attempt to reach an agreement over the amount.

Binance, however, strongly rejected the claim that it was walking away from the case. A Binance spokesperson said

“Reports that Binance will be withdrawing its Singapore claims are false. The company is not abandoning its claims and has informed both the court and RedotPay accordingly.”

The conflicting accounts leave the immediate status of the Singapore proceedings unclear, turning the latest court development into another point of contention between the two companies.

The dispute is particularly significant because the Singapore proceedings are connected to a much larger legal battle in Hong Kong, where Binance-linked entities are seeking approximately $472.8 million from RedotPay.

$473M dispute centers on hundreds of thousands of users

The broader case surfaced publicly on Aug. 5, when Bloomberg reported that Nest Trading, DistributedTechnologies and Chaintecs Consulting Singapore had filed proceedings in Hong Kong against RedotPay and its three co-founders.

The plaintiffs allege that RedotPay diverted more than 470,000 Binance Card users by allowing Binance Pay funds to be used to top up RedotPay's stablecoin-linked payment cards outside the terms of a commercial agreement.

Binance-affiliated entities have estimated their alleged losses at $472.8 million, based on a claimed lifetime customer value of $925 for each affected user.

Chaintecs also initiated related proceedings against RedotPay affiliates in Singapore, creating a parallel legal track to the Hong Kong dispute. RedotPay has rejected the allegations as “unfounded” and said it would defend itself through the legal process.

The dispute follows the collapse of a partnership that once linked the two companies. RedotPay announced its Binance Pay integration in December 2023, allowing Binance Pay users to make direct deposits to RedotPay cards.

That relationship ended on April 3, 2026, when Binance discontinued support for the integration as part of a review of its merchant partners.

Months later, the commercial disagreement had evolved into a multimillion-dollar legal confrontation spanning Hong Kong and Singapore.

For now, the biggest uncertainty is not only how much Binance and its affiliates may ultimately seek from RedotPay, but whether the Singapore proceedings will continue at all. RedotPay says the case is heading toward discontinuance; Binance says its claims are still firmly on the table.