Elon Musk and CZ, Changpeng Zhao who is the founder of Binance, got into a Twitter dispute following an issue with DOGE withdrawals on the exchange as we can see in today’s Binance news.
Tesla CEO Elon Musk and CZ of Binance got into a Twitter feud following issues about DOGE withdrawals on the crypto exchange. The issues encountered over DOGE withdrawals were known to be a technical issue because the exchange has a different technical wallet set up for DOGE. Binance added on Twitter:
“Since the incident occurred, DOGE Network has been providing us with support, but we have to rebuild the wallet entirely, which is causing a delay that we expect may last another week or so.”
However, Musk was not pleased with the exchange’s update and took aim at CZ over the issue today on Twitter:
“Hey CZ, what’s going on with your Doge customers? Sounds shady.”
Musk added that DOGE holders using Binance have to be protected from errors that are not their fault. Binance’s official Twitter account responded and said that the issue was not shady but it was frustrating and they are working to solve the problem. The binance CEO answered via his personal account and said:
“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.”
CZ added a link to a Tesla software glitch that caused about 12,000 Tesla cars to be recalled in his post. Amid the drama, however, the DOGE developers tried to provide some clarity:
“A bit over a year ago, Binance notified us that they had stuck transactions. We were not shown these transactions, but it was suggested that they were stuck due to insufficient fees.”
Binance chose to “resend/Reissue” the transactions and was instructed to invalidate the stuck transactions by the ones replaced. The developers also said that the previously stuck transactions were retired automatically:
“We were not notified as to whether or not they followed these instructions,” they added.
As recently reported, The crypto exchange Binance published the bill of rights for crypto users that includes calls for privacy and the rights to use different crypto tools. Some provisions are directed at the exchange and how can they serve better their customers.
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