Binance Resumes DOGE Withdrawals

Binance Resumes DOGE Withdrawals, Claims ‘No Shade Intended’

Binance, a major cryptocurrency exchange, has announced that dogecoin (DOGE) withdrawals are now available. For 17 days, users were unable to withdraw DOGE.

“You may have received the news due to some Twitter buddies. Hello, Elon. Hello, CZ “The announcement alluded to the interaction between the two CEOs.

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Elon Musk, CEO of Tesla and SpaceX, accused Binance of not being upfront with its DOGE consumers last week, calling the situation “shady,” sparking a disagreement with Binance CEO Changpeng Zhao (CZ).

Previously, on November 11, Binance said that DOGE network withdrawals will be “frozen for the next 10 to 14 days” due to an issue that arose after an upgrade. Binance explained the problem further, saying that “a confluence of unexpected variables led to an unforeseeable issue that ultimately exclusively affected Binance.”

Only platforms that offered DOGE in 2019 at version 1.14.0, had transactions stuck in the wallet, upgraded their wallet to version 1.14.2, and subsequently to version 1.14.5 were affected by the issue, according to the exchange, which insists that these are the facts, “no shade meant.”

“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.

On Saturday, November 27, the team stated that they started Doge withdrawals and checked everything “quietly” to ensure that there would be no future issues.

CZ stated in a previous update that “meme currencies and those that promote them are a vital element of the crypto ecosystem.”

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