USDC withdrawals were suspended for about 8 hours before they resumed, they said they had to wait for US banks to open for them to do a token swap.

Also relevant:

Last month, the company issued a proof of reserve in which it claims to have a reserve ratio of 101%. That means it has enough assets to cover customer deposits.

But critics have said that the proof of reserves have not gone far enough to give assurances of Binance's collateral. Mazars, the auditing firm Binance used for its proof of reserves, said in its five-page report that the company does "not express an opinion or an assurance conclusion."