Binance temporarily suspends LUNA, UST withdrawals citing network congestion -Breaking
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Binance suspends UST withdrawals and LUNA temporarily due to network congestionAs the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major crypto exchange Binance temporarily suspended the withdrawals for LUNAand UST Tuesday.
The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1.00 price point as LUNA’s price witnessed a A major sale causes a sharp drop in prices. The. Binance BTC/UST Trading PairCointelegraph reports that prices reached more than $42,000 and other markets for dollars struggled with $30,000, while they were at their highest, reaching highs above $52,000.
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