Binance has fully opened withdrawals of Dogecoin after a technical glitch that spurred a heated back-and-forth argument. It included the DOGE-caretaker Elon Musk and Binance’s chief executive, Changpeng Zhao aka CZ. Traders were unable to withdraw Dogecoin for more than two weeks because of problems related to a network upgrade.
0% shade intended
The largest cryptocurrency exchanges across the globe have suffered quite a bit due to some issue or the other. Binance, the crypto platform giant is no different. Although when it happens, it could take some time to locate, diagnose and fix the issue. This was the case here as well. But everything seems fine now.
After the quarrel between musk and cz, Binance announced today that all the problems have been resolved, and DOGE has resumed deposits and withdrawals. 1634 users have received duplicate transactions. https://t.co/kF73YT75Mi
— Wu Blockchain (@WuBlockchain) November 29, 2021
According to the official press release, Binance, successfully resolved the issue. Dogecoin (DOGE) has resumed deposits and withdrawals. Meanwhile, 1634 users had received duplicate transactions.
Main issue: A combination of unlikely factors led to an unforeseen incident. The blog added:
“In short, if 1) your platform had listed DOGE in 2019, at v1.14.0 2) had transactions stuck in the wallet 3) had upgraded the wallet to v1.14.2 4) AND then updated to v1.14.5 — you can have an issue. Unfortunately for Binance, we had inadvertently threaded the needle…