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November 24, 2021, 04:15:08 AM |
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Binance CEO Changpeng Zhao is engaged in a war of words on Twitter with Tesla CEO Elon Musk. The root of the problem is Dogecoin cryptocurrency.
In a tweet, Elon Musk questioned Binance's policy of limiting funds from Dogecoin which users complained about.
"Hey @cz_binance (Changpeng Zhao's twitter account) what happened to your Doge customers? Sounds unfair," Elon Musk quipped through his personal Twitter account quoted Wednesday (24/11/2021).
Changpeng Zhao then responded by saying it was rebuilding the dogecoin wallet completely, resulting in a delay that could continue for another week. He also mocked Elon Musk by linking a news link about the recall of 12,000 Tesla cars in the US due to a software error.
For this reply, Changpeng Zhao admitted that he did not mean to be presumptuous on Twitter but did not seem to accept Elon Musk's actions to cheat in terms of withdrawing funds in Dogecoin.
"I am not by nature aggressive, not submissive or cowardly when it comes to defending our business. I view but defending Binance as my job and the crypto industry as my life's mission. When he says something about that, which is also not true, he lacks research," said Changpeng Zhao as quoted from Yahoo Finance.
Binance temporarily suspended Dogecoin Withdrawal on November 11 due to an error during network repair. Binance, one of the largest cryptocurrency exchanges by trading volume, has come under regulatory scrutiny.
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