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Binance Resumes DOGE Withdrawals, Says ‘No Shade Intended’

Ruholamin Haqshanas
Last updated: | 1 min read
Source: AdobeStock/BBbirdZ

Major crypto exchange Binance has announced that dogecoin (DOGE) withdrawals are fully open. The users were unable to withdraw DOGE for 17 days.

“You may have heard the news, thanks to some friends on Twitter. Hi Elon. Hey CZ,” the announcement said, hinting at the conversation exchanged between the two CEOs.

Last week, Tesla and SpaceX CEO Elon Musk accused Binance of not being transparent with their DOGE customers and called the situation “shady,” which led to a debate with Binance CEO Changpeng Zhao (CZ).

Prior to that, on November 11, Binance had announced that DOGE network withdrawals would “be suspended for the next 10 to 14 days” due to an issue that originated following an update. Sharing more details on the issue, Binance said that “a combination of unlikely factors led to an unforeseen issue that ultimately only affected Binance.”

The exchange detailed that only platforms that had listed DOGE in 2019 at version 1.14.0, had transactions stuck in the wallet, upgraded their wallet to version 1.14.2, and then to version 1.14.5 were affected by the issue – insisting that these are the facts, “no shade intended.”

“It was an unlikely and unfortunate coincidence for Binance, the DOGE network, and DOGE hodlers. If we at Dogecoin Core maintainers and Binance had tried to plan this, we simply would not have been able to — not quite the shady circumstances that some had suggested,” Binance said.

The team noted that on Saturday, November 27, they resumed Doge withdrawals and tested everything “silently” to make sure there would be no further problems. 

In an earlier update, CZ said that “meme coins and those that support them are an important part of the crypto ecosystem.”


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