Binance is attempting to fix a technical issue resulting in the Dogecoin transaction with a number of errors. Binance has reportedly requested some of its users to return the DOGE they received years after the initial transactions.
The latest update to the Dogecoin network has caused problems with leading cryptocurrency exchange Binance. The company has reportedly asked some of its users to return cryptocurrencies that had supposedly been stuck for years and are now resurfacing.
Dogecoin has rolled out the latest 1.14.5 update aimed at solving some security issues, lowering transaction fees and improving overall performance.
The popular meme token DOGE discovered a minor issue with network footage. The update has caused some trouble for Binance. Thus, the exchange temporarily suspended withdrawals from the DOGE network.
This situation has gotten worse for some Binance users. So much so that some users shared their complaints on Twitter, claiming that Binance wanted their DOGE from them.
The Dogecoin Developers team confirmed on Twitter that some transactions were indeed stuck on Binance more than a year ago, and the two sides are in contact. Although the developers of Dogecoin were unable to fix the problem, they announced that the transactions in question were successfully transferred after the 1.14.5 update.
https://twitter. com/dogecoin_devs/status/1458868925039464451
Some users said their accounts don’t have as much DOGE as before. A user affected by the situation spoke to CoinDesk as follows;
In the Telegram group of affected users, several people were able to withdraw their funds. However, most of the 26 members of the group expect to regain access to their crypto by Thursday.