Economy

Binance CEO Conducts Discussion with Elon Musk about Dogecoin

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Twitter has become the arena for another cryptocurrency battle with Binance grappling with ongoing Dogecoin looting (DOG).

Tesla CEO Elon Musk, one of the biggest Dogecoin fans in the world, it took on Twitter on Tuesday (23rd) to raise questions related to the withdrawal of DOGE funds to Binance. Noting that Binance CEO Changpeng Zhao, Musk wrote, “What’s going on with your Doge customers? This seems incomprehensible.

Binance’s official Twitter account responded in about 30 minutes, argue that there is nothing unclear about the problem and citation new Twitter post on the matter. “The main reason is a technical issue during the recent update process that caused old transactions to be re-sent to 1,674 users,” Binance said.

As a result of the problem, some Binance users received old transactions, while others were unable to withdraw Dogecoin. “We kindly ask those who received old transactions to return them, but we know that some users have problems accessing some wallets.

The company went on to say that the issue occurred exclusively on Binance, as the platform has “a different technical portfolio set up for DOGE.” To address this issue, Binance will have to completely rebuild the portfolio, which could take “another week or more,” the company noted.

Obviously dissatisfied with Binance’s response, the Tesla CEO continued to attack the exchange, stating, “Doge owners who use Binance must be protected from bugs that are not their fault.” Musk too quoted Dogecoin dev thread explaining that the issue started “a little over a year ago.”

Doge Custodians using Binance must be protected from errors that are not their fault.

– Elon Musk (@elonmusk) November 23, 2021

Binance CEO Zhao later joined the topic, stating that the issue was related to “the latest Doge portfolio.” “We are communicating with the developers,” he added.

Zhao also shot Musk, citing The Guardian. making report that Tesla’s software crashed in October, resulting in the recall of nearly 12,000 vehicles in the United States. Tesla had to cancel the FSD update on vehicles to fix the problem.

“What happened here?” Zhao wrote, apparently imitation Musk’s comment to UN World Food Program Director David Beasley in his Twitter argument for a $ 6 billion donation to tackle world hunger.

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