Clients of the trading platform complained that the exchange was blocking the withdrawal of Dogecoin, demanding to pay off debts that were not in reality
Problems with Dogecoin affected about 1.6 thousand clients of the Binance crypto exchange, and its management is already working with the developers of the "meme" cryptocurrency to resolve technical problems. Topplabs.org was informed about this by a representative of the trading platform.
Previously, problems with access to the functionality of the trading platform were reported by users of Reddit. One of the clients of the trading platform wrote on Twitter that the exchange informed him that it was blocking his Dogecoin withdrawal, demanding to pay off the debt of 53.7 thousand Dogecoin ($ 13.4 thousand at the exchange rate on November 12). The user claims that he has not carried out transactions with the "meme" token for more than two years.
Binance also temporarily disabled Dogecoin withdrawal. Representatives of the crypto exchange explained that the withdrawal of the cryptocurrency will not be available until the trading platform resolves the technical problems that have arisen.
Dogecoin's developers explained on Twitter that the problem could have arisen from stuck transactions that did not meet the system's requirements for successful execution.
The altcoin development team speculates that most of these transactions were too low in fees, but in the 1.14.5 update, which was released on November 10, the fees on the Dogecoin network were significantly reduced. As a result of the restart of the Binance node, which occurs after the altcoin update, the transactions were automatically executed.