Binance has been experiencing problems with Dogecoin withdrawals for over ten days now. The root cause is a technical issue that resent old transactions to Binance users, besides DOGE holders being unable to withdraw the currency.
CryptoPotato reported that the 1.14.5 upgrade on the Dogecoin network led to issues on the Binance exchange. Some failed (stuck) transactions were relayed successfully post the 1.14.5 update, causing DOGE holders to receive old transactions while holders were unable to withdraw funds. The problem only occurred on Binance as they have a different wallet set-up for DOGE.
The issue has persisted, and now Binance is forced to rebuild the wallet, the exchange noted:
Doge holders using Binance should be protected from errors that are not their fault
— Elon Musk (@elonmusk) November 23, 2021
CZ Fires Back
Changpeng Zhao didn’t hesitate to fire back at Elon. The CEO said his company is in communications with Dogecoin developers and apologized for the inconvenience. However, he also linked an article by The Guardian about a Tesla software glitch in October.
The glitch caused communication errors for nearly 12,000 US Model S, X, 3, and Y vehicles, prompting Tesla to cancel the FSD update on cars to fix the error.
Elon, we are pretty certain it is an issue with the latest #doge wallet. We are in communications with the devs. Apologies for any inconvenience that may have caused you.
What happened here? 👀https://t.co/g2J50zqbEu
— CZ 🔶 Binance (@cz_binance) November 23, 2021
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to $1750.
You Might Also Like:
Binance CEO Changpeng Zhao Owns Only Bitcoin (BTC) and Binance Coin (BNB)
Binance US Hires Uber’s Brian Shroder as President Ahead of Potential IPO
Memecoin Floki Named After Elon Musk’s Dog Advertised On London’s Public Transport
Tags: Binance Changpeng Zhao (CZ Binance) Dogecoin Elon Musk