$REDOT LEGAL STORM: TOP EXCHANGE AFFILIATES SUE CO-FOUNDERS OVER 470K USERS đšâïž
Two courts, one ugly split. Affiliates of the top-tier exchange just dragged RedotPayâs co-founders to Hong Kong court over a broken agreement â accusing them of flipping 470,000 card users onto their own payment rail. đŠ The claimed damage? $472.8 million in lost flow.
Thatâs not pocket change. RedotPay was eyeing a $4B IPO on $14B annualized payment volume and $180M in revenue â but a legal cloud this size has a way of spooking the very funds that feed a valuation. đ A Singapore case lands Friday too, stacking the pressure.
When whales fight over user routing, the little guy usually feels it in fees, delays, or churn. đïž Does this shift how you weigh payment-token exposure this quarter? đŹ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #REDOT #Stablecoin #LegalNews #CryptoNews
âïž đŠ
Two courts, one ugly split. Affiliates of the top-tier exchange just dragged RedotPayâs co-founders to Hong Kong court over a broken agreement â accusing them of flipping 470,000 card users onto their own payment rail. đŠ The claimed damage? $472.8 million in lost flow.
Thatâs not pocket change. RedotPay was eyeing a $4B IPO on $14B annualized payment volume and $180M in revenue â but a legal cloud this size has a way of spooking the very funds that feed a valuation. đ A Singapore case lands Friday too, stacking the pressure.
When whales fight over user routing, the little guy usually feels it in fees, delays, or churn. đïž Does this shift how you weigh payment-token exposure this quarter? đŹ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #REDOT #Stablecoin #LegalNews #CryptoNews
âïž đŠ