DOGE wallet

DOGE wallet is being rebuilt by Binance to deal with the user account freeze issue

DOGE wallet of Binance is being rebuilt to deal with a technical issue that resulted in numerous erroneous dogecoin transactions.

DOGE wallet is being rebuilt by Binance:

On Tuesday, the largest crypto exchange in the world explained that they are going to rebuild the DOGE wallet from scratch to handle the issue of user account freeze. The firm explained that this issue was caused by a recent software upgrade. This issue caused the old 1674 transactions to be resent to users. Binance uses a different setup to other platforms for DOGE, which is what caused the issue.

Users have told Coindesk that their accounts were frozen by the exchange. They had to return the DOGE which was incorrectly transferred back to exchange. Some users are saying that their accounts had been unblocked by the exchange and some others are saying that they can use their funds for the other crypto assets stored on their Binance wallet.

DOGE wallet
Source: Twitter

This issue caught the attention of the Tesla Boss and he commented that the DOGE issue sounds shady. The firm explained that they are rebuilding the DOGE wallet and this issue is “not shady-just frustrating”. The firm also shared the details about the fix. The CEO of Binance got offended and replied with an article about Tesla recalling 12000 cars. He asked sarcastically “what happened here?”

Read more here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Check Also


EU MPs Attack Amazon’s Participation in Digital Euro Project

A cross-party coalition of members of the European Parliament on Tuesday came under fire at …

Leave a Reply

Your email address will not be published.