Image: Yahoo Finance
After a software issue with the official Dogecoin wallet started preventing Binance users from withdrawing Doge, Tesla CEO and ‘Dogefather’ Elon Musk got in touch with the cryptocurrency exchange’s CEO, Changpeng “CZ” Zhao, earlier today on Twitter to ask what was up.
In response, Zhao clarified that the entire situation was caused by a software upgrade conducted by Dogecoin’s developers and not some kind of a glitch on Binance’s side, and apologized for any inconvenience caused.
The Binance CEO then cheekily drew Musk’s attention to Tesla’s recent safety recall of 12,000 vehicles in the U.S., caused by a software issue, to defend his cryptocurrency exchange over being called ‘shady’ by Musk.
Elon, we are pretty certain it is an issue with the latest #doge wallet. We are in communications with the devs. Apologies for any inconvenience that may have caused you.
What happened here? 👀https://t.co/g2J50zqbEu
— CZ 🔶 BNB (@cz_binance) November 23, 2021
I don’t use Binance (tried at one point, but signup was too many hoops to jump through), so no inconvenience to me personally. Just raising this issue on behalf of other Doge holders.
— Elon Musk (@elonmusk) November 23, 2021
The official Binance account also replied to Musk’s original tweet, with directions to an entire Twitter thread they published on the issue. “Doge holders using Binance should be protected from errors that are not their fault,” said Musk in response.
Doge holders using Binance should be protected from errors that are not their fault
— Elon Musk (@elonmusk) November 23, 2021
Speaking to Yahoo Finance today, Zhao further explained the root cause of the problem. “There is a withdrawal issue with Dogecoin on Binance, due to a software update of the Doge official wallet,” said Zhao. “This is by the Doge developers.”
Zhao said Dogecoin’s developers had actually tweeted about the problem on November 12, so he had to “defend Binance and the crypto industry” when Musk tweeted out something that was “very inaccurate.”
“I’m not against him personally,” clarified the Binance CEO, adding that his response to Musk’s original tweet should be taken for what it was — “friendly banter.”
.@Binance CEO @CZ_Binance on his Twitter spat with Elon Musk: "I’m not aggressive by nature, but I also am not submissive or cowardly when it comes to defending our business. I view defending Binance as my job and defending… the crypto industry as my life’s mission." pic.twitter.com/XsTmhNU18G
— Yahoo Finance (@YahooFinance) November 23, 2021
Tesla CEO Elon Musk has previously said he strongly believes in crypto, and he actually works closely with Dogecoin’s developers. Musk is also a supporter of Bitcoin, even though he maintains it is “almost as BS as fiat money“.
