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War of Words between Elon Musk and Binance CEO Might Come to an End as Binance Fully Reopens DOGE Withdrawals

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Binance, the world’s largest crypto exchange by trading volume, had temporarily suspended withdrawals of DOGE following an upgrade on November 11, 2021.

“We discovered a minor issue with DOGE network withdrawals on Binance after carrying out a version update on 2021-11-10,” Binance said in a post on November 11, 2021 without specifying what the “minor issue” was. “As a result, we have temporarily suspended DOGE network withdrawals until this issue is resolved. Binance is actively working with the DOGE project team to resolve the issue.”

Now, according to the tweet from Watcher.Guru, this is confirmed that, “Binance fully reopens DOGE withdrawals.”

Binance has fully opened withdrawals of Dogecoin after a technical glitch that provoked a heated back-and-forth between Elon Musk and the exchange’s chief executive officer (CEO).

Traders were unable to withdraw Dogecoin for more than two weeks because of problems related to a network upgrade, according to a statement on Monday (Nov 29). Binance, the world’s biggest crypto exchange, said the glitch was “an unlikely and unfortunate coincidence” and “not quite the shady circumstances that some had suggested”.

That appeared to be a reference to Musk’s allegation on Twitter last week that the issue “sounds shady”.

In response, Binance CEO Changpeng “CZ” Zhao posted a link to a story about Musk’s Tesla Inc recalling nearly 12,000 cars as the result of a software glitch.

“No single entity was at fault. Neither Binance nor the DOGE network had prior knowledge of this rare issue. So rest assured as CZ said — no one’s getting fired,” the Binance post said, linking back to an update from Zhao last week where he made that vow.

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Mark Brennan
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


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