Binance exchange requires the return of DOGE credited to customers after the update

The latest update to the Dogecoin network has caused problems on the world's leading cryptocurrency exchange, Binance. Appearedreports that the company has asked some of its users to return coins that have allegedly been stuck for years and have just been transferred.

Meme Coin has updated 1.14.5 earlier this week, it was supposed to solve security problems, reduce transaction fees and improve overall performance. As expected, the move received the support of Dogecoin's most famous proponent, Elon Musk.

However, the update turned out to be problematicfor Binance, as the company reported that it had discovered a “minor issue with withdrawals from the DOGE network.” Due to this, the exchange has temporarily suspended withdrawals from the DOGE network and has also contacted the Dogecoin development team to resolve the issue.

The situation only got worse as some users tweeted that Binance had contacted them and asked them to return their DOGE tokens.

Chinese journalist Colin Wu added thatsome transactions that failed many years ago have now gone through, respectively, users received, as it were, lost DOGE tokens in large quantities and at an increased price.

Wu added that Binance has contacted such clients to return the funds.

The Dogecoin development team confirmed on Twitter that some transactions have indeed been stuck on Binance for over a year and that the two companies are communicating about this topic.

As we can see, they were unable to solve this problem, so the Dogecoin developers reported yesterday that the mentioned transactions were successfully relayed after the 1.14.5 update.

The team attributed the current charges to lower transaction fees, which was due to a recent update as they were frozen due to high fees.

We believe that previously frozen transactions were automatically repeated, the same happened after the update when restarting each node, since now the minimum commission is lower ...

Source