LUNA and UST tokens have been experiencing restrictions on withdrawal for Binance users. The world’s largest crypto exchange by trading volume, Binance has shut off withdrawals for some users amidst a massive crash in token prices that saw LUNA crashing to as low as $23, a 65+% correction over last week’s average price. The UST token was also experiencing issues pegging itself to the dollar. UST was seen falling to as low as $0.65.
