Topic: Binance Stuck My withdrawal (Read 965 times)

Only Binance know what will be their final decision but I hope this amount was not such huge amount for you that you can not afford to lose. I wonder why it's taking so long too. Looking at the topic creation date it's been around 4 months. If it's about cancelling a transaction or being stuck in the network for lower fees then should it really take ages?

It is not too small and base on my country it is a huge amount.

If they make a mistake they are responsible to make it right.

In-fact they were liable to compensate you for the security breach in your account instead they are punishing you as it was your fault.

To resolve this issue what are you going to do? Will you really deposit the money they are asking to make it level or you are going to leave the account for good or you are going to take legal actions against them.

He got scammed for the amount he had in his account (hopefully a lot less than $80k).

If Binance would really have a case against shasan, they would have been the one taking legal action.

In other words, you got scammed $80k by Binance. Sorry to hear your lose brother.

In-fact they were liable to compensate you for the security breach in your account

or you are going to take legal actions against them.

Centralized exchange do not want to take any loses even if the fault occured by the exchange like this case.

All BS. These centralized exchanges are keeping it's clients hostage to recover their lose. How in the earth it's a customer's fault?

I think we need some other options:
1. Having many centralized exchanges so that a small group do not play monopoly game. Binance is playing monopoly game in my opinion.
2. As we become strong, we need to find a way to avoid centralized exchanges and focus on P2P trades and it's better if we have decentralized exchanges where crypto users can spot trade like they do in those centralized exchanges.

In other words, you got scammed $80k by Binance. Sorry to hear your lose brother.

I have not received any update till now. Last update was I will be able to withdraw the fund if the balance is more than the arrears amount.

It was approximate amount at that time. Though it should be about 1/3 of that as the price dropped.

Any updates on this? I get that it didn't hit too many people, but I'd love to see how a lawsuit against Binance ends.

hasan used $80k as an example

Still, better to not lose hope since they have said they were working with the doge network team. I don't think those transactions can be reversed.

Any updates on this? I get that it didn't hit too many people, but I'd love to see how a lawsuit against Binance ends.

is it sorted out?

So why people should pay for your mistakes? if this is the case, You should pay for users' mistakes.

I realized something that kinda pisses me off. Allow me to quote myself from another topic:
What this means is that if a user accidentally withdraws to Binance's own fake chain instead of the real Bitcoin, Binance says your Bitcoins are lost. In reality, Binance takes ownership of your Bitcoin because they own the real Bitcoin they "wrapped".
Meanwhile, if Binance fucks up and sends a Doge withdrawal again a year later, they expect the account owner to pay back 200 times the dollar value of the original withdrawal.
What pisses me off is that their stance on the matter takes a complete 180-degree turn whenever it's profitable for them. That's as close to scamming people as it gets!

Allow me to combine those 2 posts:
If that's the excuse Binance uses, it's utter BS! Binance made up their own tokens that they sell as "equivalent" for real Bitcoin. Binance owns the real Bitcoin, and they can do as they please with it. If coins are "lost" on their own chain, that doesn't mean the real Bitcoin it lost, it means Binance takes ownership of the equivalent amount of real Bitcoin!

I'd say the scenario above explains it. Did I mention it's an exit scam waiting to happen?

I got the same problem.Why  i have to pay for their fault ?

Your account is in arrears. The withdraw function is disabled. Click the “Deduct Now” button if sufficient assets are available for the amount in arrears. Alternatively, top up your Spot account balance to proceed.
Arrears amount
77950 DOGE

On the other hand, CZ will giveaway $50k doge to the community and mention "Tesla". https://twitter.com/cz_binance/status/1465309845012287490

I think binance was initially short on $doge stock due to unresolved customer withdrawal issues. Is this just CZ's attempt to cool off his feud with Musk recently? $50k  i think is actually enough value to solve a client's problem rather than spending it aimlessly.

Absolutely no sense. What Binance did is absolutely illegal.
Today CRO token from crypto jumped 350% it might have a thing to do by people switching from Binance to crypto . Com.
Don't ever think of giving 70k to them. 
Just wait  . 

If in 2020 you sell 600$ to me by taking perfect money and now resent to me that amount of dogecoin now which is about 70k$. Then how you will allow this 70k$ deduction from you, are how you will refill this 70k$? It is totally non-sense.

I heard information that there is a problem with withdrawing Dogecoin so when you make a withdrawal with Dogecoin then binance processes the withdrawal with 2 times it means you get a double withdrawal. If you are one of those who get double withdrawals, then when you make a new withdrawal, you are asked to pay 1/2 of your total withdrawal, meaning you are in debt on Binance.

When you will go to withdraw you will see a function called "Deduct now". If you click on deduct now they will deduct the amount which has been resent. Alternatively you can buy the same amount of Dogecoin to enable the withdraw. Note: As further as I know those amount will be deduct permanently. If you have no access of the resent amount then wait for the solution by Binance why you will pay them 3000$ without any reason?

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

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 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 tracks, 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?

no, I didn’t contribute anything, I talked to support convincing them that I didn’t have access to the address they sent the dogs to

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

I take it you agree this is a scam.

"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."

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

Guys, the problem seems to be solved

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

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?

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?

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

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 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.

I have contacted with them and they told me that dogecoin had withdrawn from my account.

I owe about 80k dollars according to current rate.

So you just deposit dogecoin on binance and withdraw it some time, and then they're telling you right now that you should return those coins that as if its theirs. Do you get negative balance?

How much do you owe them now? If that was 7 months ago

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...

I do not get what you are saying rightly, let me ask you a question. Was doge deposited into your account and not you that deposited it and you withdraw the doge?

Unable to withdraw with account in arrears
Your account is in arrears. The withdraw function is disabled. Click the “Deduct Now” button if sufficient assets are available for the amount in arrears. Alternatively, top up your Spot account balance to proceed.
Arrears amount
------- DOGE

Binance has temporarily halted Dogecoin (DOGE) withdrawals as a result of the DOGE network update.

 

Several Binance users have reported that Binance withdraws DOGE without their authorization and is now requesting that they return the DOGE they do not currently have in their Binance accounts.

 

The Dogecoin network update appears to have triggered the old transactions that were stuck because of insufficient fees years ago.

Temporary DOGE Network Withdrawal Suspension

Fellow Binancians,

Thank you for your patience as we continue to resolve the issue that occurred with DOGE network withdrawals after the version update on 2021-11-10. DOGE network withdrawals continue to be suspended at this time while Binance actively works with the DOGE project team to resolve the issue.

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

We have written directly via email to the very small number of users directly impacted by the upgrade where previously failed DOGE withdrawals transactions got resent after the recent update that was done on 11-10-2021. Please note that no asset is debited from users account for the resent withdrawal transactions. We are kindly requesting those users to return the asset.

Will we provide further updates in due course.

Thank you for your understanding on this matter.

Binance Team
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