Dogecoin is a menace for Tesla CEO Elon Musk

  • Dogecoin issue raised by Elon Musk on behalf of other Doge holders 
  • Dogecoin holders via BInance should receive some sort of protection from theft 
  • The latest Doge wallet has been issued as accepted by Binance CEO Changpeng Zhao

Tesla and Spacex CEO Elon Musk has raised worries with cryptographic money trade Binance about its dogecoin issue. Musk calls the circumstance obscure, adding that DOGE holders utilizing Binance ought to be shielded from mistakes that are not their shortcoming. 

Tesla CEO Elon Musk has raised worries for the benefit of dogecoin holders concerning the new DOGE issue at digital currency trade Binance. The issue came about in various incorrect dogecoin exchanges for certain clients announcing that their records were frozen. 

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Musk, who is now and then known as the Dogefather, asked Binance CEO Changpeng Zhao (CZ), What’s new with your Doge clients? He added, Sounds obscure. His tweet acquired a lot of consideration. At the hour of composing, it has gotten 4.5K remarks and was liked on 24.1K occasions. 

Obscure trading 

Elon Musk Calls Binance’s Dogecoin Problem ‘Obscure’ — Says He’s Raising the Issue on Behalf of Other DOGE Holders. Both Zhao and the Twitter authority representing Binance answered to the Tesla chief. 

The Binance account contradicted Musk about the circumstance being obscure. Actually no, not obscure — simply disappointing and we’re chipping away at it, the trade’s true record composed, directing the Spacex CEO toward one more string with a nitty gritty clarification of the circumstance it recently posted. 

The underlying driver is a specialized issue during the new redesign process that made old exchanges detest to 1,674 clients. Binance clarified, explaining that the issue happened on Binance and not on other crypto exchanging stages since we have an alternate specialized wallet arrangement for DOGE. 

We need to revamp the wallet altogether, which is creating a setback that we expect may last one more week or somewhere in the vicinity. 

While recognizing that clients who got old exchanges and clients who can’t pull out DOGE are disturbed, Binance mentioned that they’ve generously asked those that get the old exchanges to return them, yet we’re mindful that select clients are experiencing difficulty getting to a portion of the wallets. 

Dogecoin problems 

Notwithstanding, Musk contended that dogecoin holders utilizing Binance ought to be shielded from blunders that are not their shortcoming. He continued to highlight a string by Dogecoin Developers clarifying the circumstance. 

Elon Musk Calls Binance’s Dogecoin Problem ‘Obscure’ — Says He’s Raising the Issue on Behalf of Other DOGE Holders 

The CEO of Binance before long joined the conversation. He let Musk know that his group is pretty certain the issue is an issue with the most recent DOGE wallet, adding that Binance is in correspondence with the Dogecoin devs. Zhao then, at that point, apologized to Musk for any burden the issue might have caused him. 

He finished his tweet getting some information about when Tesla had a product misfire that incited a review of 12,000 vehicles. What occurred here? he composed. The KYC part is drawn-out, and we can’t support U.S. clients. You could attempt; however, CZ attempted to persuade Musk. 


Still a dreary information exchange process, yet have DOGE. We are working with their group to fix the issue ASAP. Musk just reacted with Sounds great. 

Musk additionally remarked on a string about concentrated crypto trades, similar to Binance and Robinhood, taking guardianship of individuals’ cryptographic forms of money. Answering to a tweet expressing, Not your keys, not your crypto, Musk stated: Precisely. 

The Tesla CEO recently said that he possesses three sorts of cryptographic forms of money: bitcoin (BTC), ether (ETH), and dogecoin (DOGE). He additionally affirmed that he doesn’t claim any doge rival image cryptographic money shiba inu (SHIB). In October, he said the genuine explanation he upholds dogecoin is on the grounds that it seemed like individuals’ crypto.

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Andrew Smith
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing

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