The UST stablecoin de-peg with the U.S. Dollar has led to a storm in the market. The UST price dropped to a low of $0.60 de-pegging by a staggering 40% from the Dollar. As a result, massive liquidations of UST and LUNA were recorded. Amid these developments, the Cryptocurrency exchange Binance announced that it has temporarily suspended the withdrawal of LUNa and the UST stablecoin.