DOGE network withdrawals on the Binance crypto exchange have been halted for nearly a day after a new update appears to have gone wrong. Users are now reporting strange side effects, such as free DOGE.
A completely insane situation
On November 10, Binance reported that it updated the DOGE Network’s Dogecoin Core 1.14.5 version. However, a day later, the exchange announced that it had discovered a “minor issue” and was temporarily suspending DOGE network withdrawals on Binance. Users could still withdraw DOGE from other networks.
However, on the 12th of November, journalist Colin Wu reported that some Chinese users were allegedly receiving DOGE from transactions that had failed years before. However, it may be premature to rejoice, as Binance reportedly required users to return these assets before allowing them to withdraw funds again.
According to the Chinese community, due to the upgrade of Binance dogecoin, some of the transactions that failed in previous years were also issued. Someone said that they suddenly obtained many Dogecoin. Binance requires users to return, the withdrawal of doge is suspended.— Wu Blockchain (@WuBlockchain) November 12, 2021
Furthermore, the DOGE Developers Twitter account took notice of these strange occurrences and posted a thread to assist users in making sense of it all.
Dogecoin developers recalled a year ago when Binance experienced some “stuck transactions,” possibly due to insufficient fees being paid. Indeed, Dogecoin Developers stated,
“4) Yesterday, we were notified that previously stuck transactions (insufficient fee) had suddenly relayed successfully, following the 1.14.5 update – most likely due to lower minfees in 1.14.5…”
“6) Currently, we believe that previously stuck transactions were retried automatically, as would happen on each node restart after upgrade – and passed, because the minfee is now lower….”
Binance had also been upgraded from v1.14.3 to 1.14.5, according to Dogecoin developers.
A treat-filled day?
Some users assumed network fees would be reduced, while others panicked and suspected a hack was taking place.
The Dogecoin Core 1.14.5 version update was intended to address two “high severity vulnerabilities” that posed a risk to many Dogecoin Core users. It was also intended to establish a new minimum transaction fee of 0.01 DOGE/kb. According to reports, the upgrade was simple, requiring only the installation of the new version and restarting the node.
Dogecoin Developers, on the other hand, claimed that it had not seen the “stuck transactions” and instead claimed,
“5) The only example we have, from Binance, is a transaction with fees that are valid in v1.14.5 but were invalid (too low) in 1.14.3 and earlier. In the last few days, Binance has been updated directly from v1.14.3 to 1.14.5…”
The team also offered technical assistance to those who were concerned about their failed transactions.