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Binance Details Issues With Dogecoin Wallets in Response to Elon Musk

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:

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.

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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.

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Tags: Binance Changpeng Zhao (CZ Binance) Dogecoin Elon Musk

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