Binance has been having issues 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 caused 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 issue only happened on Binance because they have a different wallet setup for DOGE.
The issue has persisted, and now Binance is forced to rebuild the wallet, the exchange noted:
“Since the incident happened, DOGE Network has provided us with assistance, but we have to completely rebuild the wallet, resulting in a delay which we believe could last for another week or so.”
Elon Musk Calls Out Binance and Changpeng Zhao
It’s well-known that Elon Musk is a Dogecoin advocate, so he wasn’t so happy about these problems. Musk took to Twitter to discuss the issues with DOGE clients, tagging Binance and its CEO, Changpeng Zhao, saying, “What is going on with your Doge customers? It seems fishy.“
The comment section rapidly became an arena for another crypto battle. Binance was the first to respond to Musk’s tweet, saying there was nothing fishy about this rather “frustrating” issue. However, Musk continued teasing the exchange by saying DOGE holders should be protected from such problems.
CZ retaliates
Changpeng Zhao did not hesitate to retaliate against Elon. The CEO said his company is in communications with Dogecoin developers and apologized for the inconvenience. However, he also linked to a The Guardian article on 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.
