Elon Musk Asked Binance CEO About DOGE
Elon Musk asked Binance CEO about DOGE. Binance CEO Changpeng Zhao answered Musk's questions.
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Elon Musk asked Binance CEO Changpeng Zhao about the status of Dogecoin customers after the complaints he received.
In the message he conveyed by tagging Zhao on Twitter, Musk said, “What's going on with your Doge customers? The situation looks questionable.”
Binance suspended DOGE withdrawals on November 11. As the reason for the decision, it was stated that a problem was detected in the withdrawal mechanism of Dogecoin, statement said, “We have temporarily suspended the withdrawals made from the DOGE network until this problem is resolved. Binance is also in contact with the DOGE project team to resolve the issue.” Also in the statement, the withdrawals on the DOGE network will remain closed until the situation is corrected; It was said that it would take until the end of the month to solve the problem.
After a 12-day hiatus, transactions on the Dogecoin network are still suspended on Binance. During this time, many users complained that they could not withdraw their DOGE from Binance. Some users reported that their
DOGE balance was completely blocked.
Binance Responded
Upon Musk's question, a statement came from Binance's official Twitter account. In the statement, it was stated that the root cause of the problem was a technical issue during the last Dogecoin update, which caused old transactions to be resent to 1674 users. Binance said, “This issue occurred on Binance due to the fact that we have a different technical wallet setup for DOGE. We've had support from the DOGE Network since the incident occurred, but we need to completely rebuild the wallet. This is causing a delay that we hope can last up to a week.”
Elon Musk Gave a Sarcastic Response
Elon Musk also gave a sarcastic response to this statement. Musk said, “Doge holders using Binance should be protected from errors that are not their fault.”