Cryptocurrency

Elon Musk Attacks Binance and CEO For Dogecoin Glitch

Elon Musk Attacks Binance and CEO For Dogecoin Glitch

  • Elon Musk launched an attack on Binance and its CEO, Chapeng Zhao, for the exchange’s decision to limit dogecoin withdrawals
  • In a tweet aimed at Zhao on Tuesday, Musk asked the cryptocurrency billionaire why dogecoin holders couldn’t withdraw, adding that it “sounds shady”
  • Shortly after, the exchange replied that it wasn’t “shady” but rather a glitch caused by an upgrade process

Dogecoin fan and Tesla CEO, Elon Musk aimed a dig at cryptocurrency exchange Binance and its CEO Chapeng “CZ” Zhao on Tuesday.

Elon Musk

Musk questioned the exchange’s decision to limit withdrawals on dogecoin, adding that it “sounds shady”.

The content of his tweet can be seen below:

“Hey @cz_binance, what’s going on with your doge customers? Sounds shady,”

An hour later, the exchange replied, claiming that it was caused by a glitch during its upgrade process.

“not shady” but a “frustrating” glitch caused by its upgrade process.

CZ also confirmed the incident while aiming a dig at Musk by asking about a software glitch that caused the recall of 12,000 vehicles.

A glitch reportedly caused old dogecoin transactions to be sent to over 1,600 users of the exchange on November 11.

The crypto exchange decided to suspend withdrawals and build the cryptocurrency wallet and Binance has claimed that this rebuild process could last another week.

The Tesla founder went on to say that “Doge holders using Binance should be protected from errors that are not their fault.”

Read also: Bitcoin Crashes to Lowest in 6 Weeks

This is not the first time that Zhao and Musk have gone up against each other.

Chapeng Zhao, Binance CEO

In June this year, CZ asked Elon Musk to be careful about his “humorous” cryptocurrency tweets because they are capable of influencing the market.

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