Topic: Binance Stuck My withdrawal - page 3. (Read 933 times)

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:
Well, that's an understatement!

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

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

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They have just informed that I would be able to withdraw fund if I have more then the fund which has been withdrawn to doge.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.

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

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?

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

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.

Do they even know how crypto works there at Binance?

Do they even know how crypto works there at Binance?

Excuse me, maybe I put it wrong because I use a translator.

That's BS (from Binance, not from you)!

That's BS! Binance (as far as I know) doesn't require users to withdraw only to their own addresses. That would for instance make it impossible to transfer funds directly to another exchange. It's quite common practice for users to make a payment directly from an exchange or to another person. And on top of that, even if you owned the address, Binance doesn't require you to keep having access to the address you used 19 months ago.

They explain this by the fact that due to the fact that they duplicated the transaction, which was carried out by me at the beginning of 2020, I must return this amount now.

And the fact that they mistakenly sent to this address is the basis for binance to consider this address as mine, regardless of whether I have access to it or not.

There is no way I would accept to pay that amount. Best thing to do is abandon depositing in Binance for now.

Imagine how they are feeling those who received the fund 😳

Did I get this right? Is this what happened: 19 months ago you withdrew 300,000 Doge ($600) to someone else's address. Binance sent the transaction with a low fee, which didn't confirm. Then they made a new transaction with a higher fee, and you thought it was done. But the original transaction was kept in mempool, and the original inputs where never moved, so when the Doge network lowered it's minimum fee, the 300,000 Doge ($80,000 by now) transaction went through?

If that's the case, Binance did a royal f*ckup not moving the original inputs before replacing the transaction.

Binance sent the transaction with a low fee, which didn't confirm. Then they made a new transaction b with a higher fee, and you thought it was done. [...]

If that's the case, Binance did a royal f*ckup not moving the original inputs before replacing the transaction.

I haven't read about this in detail but I have seen such a piece of news on another platform. Did you try to contact them through their telegram support? They respond faster the
there & I guess you would have gotten a reply and solution. It should be a bug but should have fixed it by now. I can't see any problem so far with my account.

That's hell lot of money. Why would you owe that in the first place LOL?

Yes i have depositted and withdrawn to another persons wallet. I have not acces those as i am not the owner of those account. Also the owner might have no access as 8 have seen the id was used too long ago. Those id was from dogechain so no chance to change the wallet id. But they may loss access those account. And more important thing is that account holder will not returned those amount as it is big now. I owe about 80k dollars according to current rate. Sorry the transaction I made was atleast 19th months ago. I thought it is 2021 but i noticed it was 2020.