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Binance halted withdrawals of LUNA and UST The exchange halte | Crypto for Dummies

Binance halted withdrawals of LUNA and UST

The exchange halted the withdrawal of coins due to a high volume of withdrawal transactions and "network congestion."

The price of Luna collapsed 50% in the last 24 hours - the asset is now trading around $35.

The UST stablecoin lost its peg to the dollar and was falling below $0.60.