Elon Musk Clashes Binance, Calls Dogecoin glitch “Shady”

Elon Musk vs CZ Zhao
Elon Musk vs CZ Zhao

Elon Musk the CEO of Tesla (NASDAQ: TSLA) and the richest man alive has called Binance’s Dogecoin glitch “shady”. The Billionaire alleged Binance — one of the largest cryptocurrency exchanges — on Twitter. The Tweet resulted in a backlash between him and “CZ” Zhao, the company’s CEO.

On November 11, Binance suspended Dogecoin (DOGE) withdrawals. According to the company; a glitch occurred following a network update. Binance added it would launch withdrawals whenever the problem is solved. However, the halting of Doge withdrawals could last until 29 November. 

Musk — the “Dogefather” of Dogecoin is considered an advocate for the meme-based cryptocurrency. The billionaire has pushed the price of Doge to all-time highs following several tweets during 2021. Musk tweeted Zhao, asking: “What’s going on with your Doge customers?”

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“Sounds shady,” He added.

Binance responded on its corporate Twitter account saying: “not shady — just frustrating and we’re working on it.” 


“Doge holders using Binance should be protected from errors that are not their fault,” Musk replied.

Later, Zhao replied to Musk on his personal Twitter account. The company’s CEO said it was “pretty certain” that it wasn’t an issue with the latest Doge wallet. Zhao apologized for the inconvenience and linked to an article by the Guardian on November 2. The article published about Tesla recalling nearly 12,000 U.S. vehicles due to a software glitch. He said: “What happened here?”. 

This isn’t the first time that Musk and Zhao clashed. In a February interview with Bloomberg, Zhao said he is surprised that Musk is an advocate of Dogecoin. 

“I strongly believe that he’s not really associated with Dogecoin in any way,” Zhao said.

In another interview in June, the CEO of Binance warned that Musk should be more careful about his cryptocurrency-related tweets.