Today, Binance reported that they have resumed the Dogecoin deposit and withdrawal service (DOGE) after freezing the functionality following an issue in the update. A bug found in the latest update related to the Dogecoin Binance wallet that caused one -year -old transactions to be processed where they were previously in the system. There are also several other problems due to this.
Binance has released details of the issue on their website describing it as an ‘unfortunate odorless’ incident. Waima it was an unwanted incident yet it only affected Binance.
The issue became even hotter when some Binance users started complaining that they received an e-mail from Binance asking them to return a DOGE that was not available in their account. The issue worsened and became controversial when Elon Musk began criticizing Binance in the issue of handling customers who owned Dogecoin at Binance and claiming that consumers should not have received consequences due to exchange platform faults.
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.
What happened here? 👀https: //t.co/g2J50zqbEu
- CZ 🔶 Binance (@cz_binance) November 23, 2021
Changpeng Zhao, CEO of Binance on the other hand did not remain silent by criticizing Elon Musk's statement by criticizing the defects found in the Tesla system that led to the recall of thousands of cars.
Binance in giving an explanation stated that the party has developed a new Dogecoin wallet to resolve the issue and stressed that this incident was an unexpected thing.
So far the trials have started as early as today.
