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The controversy over Binance’s suspension of withdrawals on the DOGE network has caused this strange side effect

Bitcoin Magazine reported today that the DOGE network’s payouts on the Binance exchange were halted for almost a day after a new update appeared to be buggy. Recently users reported strange side effects – including DOGE free.

A crazy situation

Binance reported that they updated the Dogecoin Core 1.14.5 version of the DOGE network on November 10th.

But a day later, the exchange announced that it had found a “minor problem” and a temporary time to stop paying out via the DOGE network on Binance. However, users can withdraw DOGE from other networks.

On November 12th, the journalist was Colin Wu report that some Chinese users are said to have received DOGE from failed transactions years ago. But it may be too early to get upset as Binance wants users to return this DOGE before allowing them to retire again.

“According to the Chinese community, several transactions were made due to the Dogecoin upgrade from Binance that failed in previous years. Someone said that they suddenly got DOGE for free. Binance urges users to return, DOGE withdrawals have been suspended. “

In addition, the DOGE Developers Twitter account noticed these strange developments and post a topic that will help users understand the problem.

DOGE developers reminded users about a year ago that Binance was experiencing some “stalled transactions”, possibly due to not paying the fees in full.

“Yesterday we were informed that previously pending transactions (not enough fees) were suddenly successfully transferred after the 1.14.5 update – possibly because the minimum fee was lowered in 1.14.5 …”.

“We believe what happened was that previously stalled transactions were automatically retried, similar to node reboots after the upgrade – and it did because now the minimum fees are low.”

DOGE Developers also announced that Binance has been updated from v1.14.3 to 1.14.5.

An exciting day for DOGE owners

There have been mixed reactions as some users claim network charges have gone down while others panic believing a hack is happening.

Dogecoin Core version 1.14.5 aims to fix two “critical vulnerabilities” that could endanger many Dogecoin Core users. In addition, a new minimum transaction fee of 0.01 DOGE / kb is to be confirmed. This is supposed to be a simple upgrade that just installs a new version and reboots the node.

However, Dogecoin Developers insists that they do not see the “stuck transaction” and explain:

“The only thing that could explain this case for Binance is a transaction whose fees were valid in v1.14.5, but invalid (too low) in 1.14.3 and earlier. Please note that Binance has been updated directly from v1.14.3 to 1.14.5 in the last few days. “

The team also provides technical advice to those who are concerned about their failed trades.

At the time of going to press, Dogecoin is the ninth largest coin by market capitalization. It was in tenth place just a few hours ago and is currently trying to break the $ 0.2628 mark.

DOGE price table | Source: Tradingview

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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