Binance Stuck My withdrawal

[LoyceV]

So, if my holdings is 80k and the price of doge is 70k then I will be able to withdraw 10k.

Any reason why they're counting their scam in dollars and not in Doge?

but if my spot balance is lower than the doge then I will not be able to withdraw.

So any deposit you make will be confiscated until they've drained you for $80k.

Isn't it the same exchange whose CEO wanted to Re-Org the Bitcoin Blockchain after a hack 0f 7000 BTC from their exchange, but everything backfired on them?

They say Binance is actively working with the DOGE project team to resolve the issue. This sounds like they're once again trying to reverse transactions.

Nice to see they (ab)use their fuckup to pretend their made-up centralized tokens are real Doge:

users are still able to withdraw DOGE on other networks during this time.

I can't find any of this on Binance's own site, only external sites mention that Binance is blaming their users for their own problems.

Providing some clarification the Binance situation: 1) A bit over a year ago, Binance notified us that they had stuck transactions. We were not shown these transactions, but it was suggested that they were 'stuck' due to insufficient fees...

2) Binance opted to resend/reissue these transactions. We instructed Binance to use the inputs to the stuck transactions to force them to be invalidated by the replacement transactions. We were not notified as to whether or not they followed these instructions...

3) Binance later notified us that they had account reconciliation issues. We were unable to reproduce those issues with the data we were given by Binance, but we suggested (months ago, now) issuing -zapwallettxes to mitigate the issue...

4) Yesterday we were notified that previously stuck transactions (insufficient fee) had suddenly relayed successfully, post 1.14.5 update - likely because minfees have been lowered in 1.14.5...

5) The sole example we have, from Binance, is a transaction with fees which are valid as of v1.14.5, but were invalid (too low) in 1.14.3 and before. Note, Binance updated directly from v1.14.3 to 1.14.5, in the past few days...

6) Currently what we believe has happened is the previously stuck transactions have been retried automatically, as would happen on each node restart after upgrade - and went through, since now the minfee is lower....

7) Takeaways: Invalid transactions don't have a defined timeout limit, but are typically disposed of due to memory limits. However they can hang around if mempool isn't maintained...

8) Correct handling to cancel a transaction is to spend the to-be-cancelled transaction's inputs to a different transaction, which invalidates the first...

9) For any providers with concerns about stagnant invalid transactions, we recommend stopping the nodes, removing the mempool.dat file just in case, and then starting the node with -zapwallettxes....

10) Moreover, this should likely be done as a routine maintenance practice; especially if you know that a number of invalid transactions have been reissued.

TL;DR: Binance messed up and blames someone else.

Imagine you go to an ATM and take out $500. A year later, the same ATM spits out $100,000 when you're not around and the bank wants you to pay it back! That's basically what Binance is doing now.

Suggestion: fix "Binance" in the title.

[ladibe]

Update:
They have just informed that I would be able to withdraw fund if I have more then the fund which has been withdrawn to doge. So, if my holdings is 80k and the price of doge is 70k then I will be able to withdraw 10k. but if my spot balance is lower than the doge then I will not be able to withdraw.

I have 5000$ balance in Spot, and I have 12000 Dogecoin frozen (3000$), but I can't withdraw 100$, Should I buy Dogecoin?

[ScamViruS]

I have 5000$ balance in Spot, and I have 12000 Dogecoin frozen (3000$), but I can't withdraw 100$, Should I buy Dogecoin?

Why would you buy more dogecoin? If your account is stuck with Dogecoin's recent problem, you will not be able to withdraw more funds than USD equivalent to that amount of dogecoin. You cannot solve this problem by buying more dogecoin. Many binance traders are currently facing this problem, which is a big problem for traders. This is because binance wants to back an amount of money from all the victims, which is a very large amount at the current market price.

[Dic3L0v3r]

Well, I assume they are not going to unlock your account till you did not deposit.

They ruined a few people's dreams and life.

There is another scam accusation https://bitcointalk.org/index.php?topic=5371666.new

[JeromeTash]

I have 5000$ balance in Spot, and I have 12000 Dogecoin frozen (3000$), but I can't withdraw 100$, Should I buy Dogecoin?

How much doge coins do they want you to pay back. If the amount is so little and urgently need the money, maybe you can buy, but if the amount is huge, I would say you wait and see how the whole thing unfolds.

It's Binance who fucked up, not you.

[LoyceV]

It occurred to me that Binance may be playing hard now hoping to encourage users to pay back the money if they still have access to the withdrawal address, with a premeditated plan to take their own losses later. It could be they don't want to risk giving people the feeling they can keep the money.
If that's the case, they may release funds later. But that's just me speculating on some sort of twisted decency.

I tried to find if there's already a lawsuit about this, but all I found was this:

Binance CEO Changpeng “CZ” Zhao ~ said “to be honest, I don’t get dogecoin.”

Well, that's an understatement!

[naim027]

It occurred to me that Binance may be playing hard now hoping to encourage users to pay back the money if they still have access to the withdrawal address, with a premeditated plan to take their own losses later. It could be they don't want to risk giving people the feeling they can keep the money.
If that's the case, they may release funds later. But that's just me speculating on some sort of twisted decency.

I tried to find if there's already a lawsuit about this, but all I found was this:

Binance CEO Changpeng “CZ” Zhao ~ said, “to be honest, I don’t get dogecoin.”

Well, that's an understatement!

I agree with you. Suppose I have access to the wallet that used before and I received that amount from Binance. If I have a bad intention to not return them, it will be hard for them to get back money from me.

Most people won't return the Doge amount if they have less amount on Binance that they receive.

Suppose I have $500 on my Binance account, But I received $1000 worth of Doge. If I have bad intentions, I might run away from Binance.

At the same point, Suppose I have $500 on Binance and They send $100 worth of Dogecoin to the wallet where I don't have access anymore, if they force me, I have to return the $100 so I can get my $500.

It would be good if Binance do what you've said.
We wish if Binance do that. 🙏

[LoyceV]

At the same point, Suppose I have $500 on Binance and They send $100 worth of Dogecoin to the wallet where I don't have access anymore, if they force me, I have to return the $100 so I can get my $500.

Except for the fact that Binance shouldn't make you pay $100 for their mistakes.

[naim027]

At the same point, Suppose I have $500 on Binance and They send $100 worth of Dogecoin to the wallet where I don't have access anymore, if they force me, I have to return the $100 so I can get my $500.

Except for the fact that Binance shouldn't make you pay $100 for their mistakes.

Right. This is the main point. It's Their mistakes. They shouldn't make me pay for their mistakes but there is no choice for me other than to pay them.

I am wondering if they have a BTT account. I searched but there is nothing.

[stompix]

Let me get this right...

I understand what the troubles with the transaction are, what happened but!!!, how is Binance trying to level this up, if I had withdrawn 100k doge which two years ago was worth $300, and now they've sent it again, maybe to an exchange or a gambling site that was shut down during this time, my balance with then is -100k doge at the current price? So I have to pay them back $20k?

Where is that SAFU program now?

[naim027]

Let me get this right...

I understand what the troubles with the transaction are, what happened but!!!, how is Binance trying to level this up, if I had withdrawn 100k doge which two years ago was worth $300, and now they've sent it again, maybe to an exchange or a gambling site that was shut down during this time, my balance with then is -100k doge at the current price? So I have to pay them back $20k?

Where is that SAFU program now?

Right. You got it. They trying to recover that with their own way.

Here are several cases that I've mentioned on my thread.

https://bitcointalk.org/index.php?topic=5371666.0

[LoyceV]

I understand what the troubles with the transaction are, what happened but!!!, how is Binance trying to level this up, if I had withdrawn 100k doge which two years ago was worth $300, and now they've sent it again, maybe to an exchange or a gambling site that was shut down during this time, my balance with then is -100k doge at the current price? So I have to pay them back $20k?

I take it you agree this is a scam.

The low-fee transaction is irrelevant to users who don't own the address. So basically Binance is asking to return a withdrawal from 19 months ago, after it's value increased 200x.

[ladibe]

Guys, the problem seems to be solved

[LoyceV]

Guys, the problem seems to be solved

I think your problem was only related to withdrawing Dogecoin:

I have 5000$ balance in Spot, and I have 12000 Dogecoin frozen (3000$), but I can't withdraw 100$, Should I buy Dogecoin?

But I'm not sure what you're trying to withdraw: Dogecoin or dollars?

[ladibe]

No, the withdrawal from my account has been suspended because of Dogecoin, I was required to pay 12 000 Dogecoin

[naim027]

No, the withdrawal from my account has been suspended because of Dogecoin, I was required to pay 12 000 Dogecoin

Then how is your problem was solved? Did you deposit 12000 Dogecoin? Or what? How? Could you please explain more so the community can understand?

[ladibe]

"Dear user, we have conducted a thorough review of your case and your withdrawal function will be reinstated within the next 24 hours. We sincerely apologize for all the inconvenience caused and thank you so much for your replies and cooperation thus far."

[LoyceV]

"Dear user, we have conducted a thorough review of your case and your withdrawal function will be reinstated within the next 24 hours. We sincerely apologize for all the inconvenience caused and thank you so much for your replies and cooperation thus far."

Did they take the $3000 they wanted out of your $5000 spot balance? If not: what did you ask/tell them that resulted in this resolution?

[ladibe]

The withdrawal was frozen in my account, what is required is to return 12,000 Dogecoin, equivalent to $ 3000, now the withdrawal is back again

[stompix]

The withdrawal was frozen in my account, what is required is to return 12,000 Dogecoin, equivalent to $ 3000, now the withdrawal is back again

What everyone is asking..
Did they take those 3000$ with coins from your account or any other amount or are you able to withdraw the entire amount you had one Binance?
So, is your account back as it was previously or the problem as "solved" with paying up?

I take it you agree this is a scam.

I think it's a bit worse than a scam, basically, they are holding accounts hostage will you return some money they have sent out in error but which they can't prove is in your pocket. And there is another problem, what is DOGE goes up to 1$ tomorrow, are those prices going to be adjusted? Of course, some poeple for sure got some extra coins, but to actually blame everyone for this, and this coming from an exchange that claims to hold billions in some SAFU program is clearly no.

The interesting part in this, Binance does a lot of tracking, they probably know that some addresses are owned by other exchanges, I'm pretty sure they have already requested those coins back, is there anyone who has suddenly seen a deposit, and then that was reverted? Or someone that has managed to sell those and is now in the same situation?