The cryptosphere is sometimes the field of real gunfights between crypto personalities. This time, it’s Elon Musk and Changpeng “CZ” Zhao who have been gently sparring over the subject of recent dogecoin (DOGE) withdrawal difficulties on Binance.
Elon Musk summons Binance’s CEO
While it’s now known that Tesla and SpaceX CEO Elon Musk doesn’t like Shiba Inu (SHIB), he’s been an avowed fan of dogecoin for a while. Even to the point of trolling Bitcoin (BTC), sometimes preferring it to DOGE – at least, in terms of memes.
The current “tweet fight” came from a reaction from Elon Musk, who complained about DOGE withdrawal problems on the Binance exchange platform, directly calling out Changpeng “CZ” Zhao, the crypto exchange’s founder:
“Hey, CZ! What’s going on with your customers [owning] Dogecoin? This all sounds fishy.”
A query to which Binance quickly responded, explaining that the platform was working on the problem and that it was mainly due to a technical issue that occurred during the last update, which caused 1,674 users to have old transactions returned.
Tesla boss wants to protect DOGE holders
As Coin Telegraph in particular states in a publication, not only have users strangely seen old transactions reoccurring, but more importantly, others can no longer withdraw their DOGE from Binance.
Obviously not very satisfied with Binance’s response, Elon Musk explicitly blamed the platform for DOGE owners having to suffer this problem beyond their control:
“DOGE owners using Binance should be protected from any errors, for which they are not responsible.”
Unfortunately, the problem could take some time to be resolved. Indeed, Binance teams explained that, if this problem occurs only on their platform, it is because it would have a different technical configuration of its wallet Dogecoin, compared to other crypto exchanges. Solving the incident could thus take “a week or more”.
If finance and decentralized exchanges have their own problems with flaws in the programming of smart contracts, it’s clear here that centralized platforms, like Binance, can also have technical problems that prevent crypto investors from disposing of their assets. And when it affects his favorite crypto-toutou, you can count on Elon Musk to call it out.