Binance Details Issues With Dogecoin Wallets in Response to Elon Musk

Dogecoin withdrawals have been a problem in Binance for more than ten days. Problems with Dogecoin withdrawals in Binance are due to a technical problem that sends old transactions to Binance users. DOGE holders also have problems withdrawing the currency.

CryptoPotato reported problems on Binance’s exchange due to the Dogecoin network upgrade at 1.14.5. Some transactions that were unsuccessful (or stuck) were successfully relayed after the 1.14.5 update. DOGE holders received old transactions, but were not able to withdraw funds. Binance has a different wallet setup for DOGE, so the problem was limited to Binance.

Binance has been forced to rebuild its wallet because the issue has not stopped.

“Doge Network has provided us support since the incident, but we need to rebuild the wallet completely, which is causing delays that may last another week.”

Elon Musk calls out Binance and Changpeng Zhao

As it is well-known, Elon Musk is a Dogecoin advocate. He wasn’t happy about these issues. Musk took to Twitter to raise the issue of DOGE customers. He tagged Binance and Changpeng Zhao as Changpeng Zhao’s CEO. It sounds suspicious.

In no time, the comment section became a stage for yet another crypto-battle. Binance replied to Musk’s tweet first, saying that there was nothing suspicious about the issue but rather “frustrating.” Musk continued to tease the exchange, saying DOGE holders should be safe from such problems.

Binance owners should be protected against errors made by their dogs

— Elon Musk (@elonmusk), November 23, 2021

CZ Fires Back

Changpeng Zhao did not hesitate to fire back at Elon. The CEO stated that his company was in communication with Dogecoin developers, and he sincerely apologized. He also linked to an article from The Guardian that details a Tesla software problem in October.

This glitch caused communication problems for almost 12,000 US Model S, SX, 3 and Y vehicles. Tesla had to cancel FSD updates on cars in order to correct the problem.

Elon, it’s a problem with the #doge wallet. We are in communication with the developers. We apologize for any inconvenience caused.

What has happened?

https://t.co/g2J50zqbEu

— CZ

November 23, 2021, Binance (@cz_binance).

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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