Binance has fully reopened withdrawals for cryptocurrency Dogecoin after a technical glitch that led to a heated exchange between founder Changpeng Zhao and Tesla’s Elon Musk.
According to a blog post by the crypto giant, the glitch which prevented Dogecoin withdrawals for more than two weeks was «an unlikely and unfortunate coincidence».
«No single entity was at fault, neither Binance nor DOGE Network had prior knowledge of this rare issue. So rest assured, as [Zhao] said – no one’s getting fired,» Binance said in a post linking to a previous update from Zhao where he made the commitment.
Zhao Versus Musk
Last week, Musk challenged Binance on social media with a post leveled directly at Zhao that said the glitch «sounds shady».
This subsequently led to exchanges with Zhao who not only defended Binance but also questioned a glitch on the side of Telsa which led to the recall of nearly 12,000 vehicles.
«It was an unlikely and unfortunate coincidence for Binance, the DOGE network, and DOGE hodlers,» Binance said. «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.»