Recently, Binance had a tug of war with the Dogecoin community. 11/11 the global exchange announced that it will no longer withdraw funds from the DOGE network due to problems after upgrading to the new version. BNB has now announced further details on what exactly happened.
user DOGE unsatisfied
Binance has updated to Dogecoin Core 1.14.5 to close the security holes. However, Binance later reported the problems and announced that it would no longer withdraw funds from the DOGE network.
Oddly enough, years ago users started saying they had received DOGEs from failed transactions. On 11/23 was the exchange explain “Technical issues” resulted in old transactions being sent back to 1,674 users.
Pointed out that the problem occurred on the exchange because of the unique DOGE wallet arrangement, Binance said:
“DOGE Network has supported us since the crash, but we had to rebuild the entire wallet. This creates delays which we believe could add a week or more to them. It’s a time-consuming and complicated process, but the team works hard. ”
Binance knows users are “upset” but assures that the platform is working to solve the problem.
Elon Musk asks for clarification
Users may have been surprised but just as pleased to receive a free DOGE, but that joy didn’t last long. Binance has To write:
“We emailed directly to a very small number of users directly affected by the update, with previously failed DOGE payouts being returned after the most recent update. We respectfully ask these users to return the assets. ”
In one thread, the Dogecoin developer explained that the cause of this unexpected “gift” could be the new upgrade, as Dogecoin Core 1.14.5 meets the recommended minimum transaction fee of 0.01 DOGE / kb.
Binance also made sure to let Musk know of the situation, but the billionaire wasn’t happy. grandfather speak:
“DOGE owners who use Binance should be protected from mistakes they don’t make.”
For his part, the CEO of Binance has answer with a question:
“Elon, we’re pretty sure it’s an issue with the newest Doge wallet. We are in contact with the developers. We apologize for any inconvenience this may have caused you. What happened here?”.
Following Musk’s move, DOGE price has risen nearly 3% in the past 24 hours and is trading at $ 0.23 at press time.
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