https://techcrunch.com/2022/05/12/binance-halts-luna-and-ust-trading-across-most-of-its-spot-pairs-following-meltdown/

Binance, the world’s largest cryptocurrency exchange by volume, has suspended trading of Terraform Labs’ Terra (Luna) and TerraUSD (UST) tokens across most of its spot pairs, and for Luna, additionally across all of cross margins and isolated margins pairs following one of the biggest meltdowns in the history of cryptocurrencies.

The move, which follows the exchange pulling support for trading of futures contracts for the Luna token earlier on Thursday, comes as Terraform Labs increased the circulating supply of Luna token to over 6.5 trillion, up from 386 million three days ago (according to Terrascope, a tool that tracks Terra stats) in an attempt to push its sister token, a supposed stablecoin, to regain its 1-to-1 peg to the dollar.