Binance suspends dogecoin withdrawals

Crypto currency exchange Binance has temporarily frozen withdrawals of dogecoin (DOGE), following an upgrade.

The company said it discovered a “minor issue” with DOGE network withdrawals on the platform after carrying out a version update on November 11.

As a result, dogecoin withdrawals have been suspended until the issue is resolved. Binance said it is actively working with the DOGE project team to resolve the issue.

Media reports have since revealed that some users have claimed that the crypto currency exchange first initiated the withdrawal of dogecoin without their consent, and then asked the users to return the dogecoin that they do not have in their Binance accounts.

A twitter account representing dogecoin developers explained that the withdrawal transaction were likely attempts to carry out failed transaction from years ago that were “stuck” in the system due to “insufficient fees.”

The tweet thread said that the previously stuck transaction have been retired automatically as part of the upgrade, and went through, since now the fees are lower.

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