Binance is starting off Dogecoin (DOGE) deposit and withdrawals today. Furthermore, this is after a recent bug in the Binance Dogecoin wallet. Which leads to year-old transactions hanging in the system because of low fees. More so, The crypto platform releases a blog post containing the issue.
“The truth is that a combination of unlikely factors led to an unforeseen issue that…”
“ultimately only affected Binance.”
“In short, if 1) your platform had listed DOGE all the way back in 2019, at v1.14.0 2)…”
“had transactions stuck in the wallet 3) had upgraded the wallet to v1.14.2 4)…”
“AND then updated to v1.14.5 — you can have an issue.”
Furthermore, The incident brings up much controversy after several Binance users give out complaints. Particularly, about receiving an email from the crypto exchange asking them to return the DOGE, which obviously isn’t in their accounts. More so, it becomes red hot when Elon Musk calls out Binance for Dogecoin customers’ concerns. Then, says that users shouldn’t suffer because of the exchange’s fault.
Changpeng Zhao, the CEO of Binance replies to the Tesla boss, then points out a system fault Telsa records a certain time.
“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
Lastly, The two tech CEOs conclude peacefully when Musk claims his point. Then, CZ confirms he is also overrating due to the word “shady” from the Tesla CEO.
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