Binance rejects claim it will withdraw Singapore case against RedotPay

Binance and RedotPay have given conflicting accounts of whether Singapore proceedings linked to their nearly $473 million legal dispute are being discontinued following an Aug. 7 court hearing. Summary Binance and RedotPay disagree over whether related Singapore proceedings are being discontinued. Binance says it is not abandoning its claims and has informed the court and RedotPay. RedotPay expects the Singapore case to be discontinued and plans to seek legal costs. The dispute is linked to a Hong Kong case seeking about $472.8 million in damages. Cointelegraph reported on Tuesday that RedotPay expects Binance to discontinue the Singapore case, while Binance denied that it intends to abandon its claims and said it has informed both the court and RedotPay of its position. The disagreement concerns proceedings brought by Binance-linked Chaintecs Consulting Singapore against RedotPay affiliates and runs alongside a Hong Kong case in which three Binance-affiliated companies are seeking about $472.8 million in damages. RedotPay told the publication that it expects the Singapore proceedings to be discontinued after the Aug. 7 hearing and plans to seek its legal costs from the claimant. “...