Discover and read the best of Twitter Threads about #dogecoinbinanceincident

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As per their official press release, because of mishandling of the upgrade of their wallets, in November, @binance sent out duplicates of old transactions from 2019 to 1634 users.

These accounts have been marked as in "arrears" and asked to return the extra $Doge.
The issue was caused by the fact Binance was holding their Doge in a very old #Dogecoin Core version (1.14.0!) when they upgraded to 1.14.5.

In 2019, they had resent stuck transactions without following the proper protocol. More on this:

The changes introduced in Dogecoin 1.14.4-1.14.5 caused those old transactions to become unstuck and being sent over few minutes to 1600+ users, to wallet addresses many of those have no longer access to.

As a response, Binance shut everything down at once. For 3+ weeks.
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