Changpeng Zhao crosses swords with Elon Musk

Billionaire and crypto enthusiast Elon Musk criticized Binance for several technical problems with Dogecoin wallet. In response, Changpeng Zhao hit back that 12,000 Tesla electric vehicles were recalled due to a malfunction.

On November 23, Elon Musk tweeted outrage over technical glitches with Dogecoin wallet on Binance, tagging Changpeng Zhao and the crypto exchange account itself.

“Hey @cz_binance, what’s going on with your Doge customers? Sounds shady.”

The reason for such a tweet was technical problems with withdrawls from Dogecoin wallet on Binance. Dogecoin holders faced withdrawal issues after updating the Dogecoin client.

In response, Changpeng Zhao explained that the problem is on the Dogecoin client side and is being addressed with the DOGE developers and affected users. In an interview with Yahoo Finance Live, Changpeng Zhao explained that the developers of the meme cryptocurrency from the Dogecoin Foundation themselves wrote about the software problems on November 12.

“So it’s not that Binance is having the issue. It’s the Doge Official Wallet that has the issue. When he tweets something that’s very inaccurate and says, sounds shady, I unfortunately have a job to defend our business and also our industry. So I tweeted back at him. I said, look, we apologize for the inconvenience. I clarified the issue. But I also did a very quick search on Tesla. Less than two weeks ago, they also had a recall of 12,000 vehicles in the US. I just thought they should be busy looking at that. I feel this is like a little bit of a friendly banter.”


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