Project alleges unreturned listing deposit as Binance announces delistings
Users initially panned Mithril’s return-of-deposit allegation until an original Binance listing document came to light that raised further questions. On Dec. 15, cryptocurrency exchange Binance announced that four Tokens — Mithril (MITH), Tribe (TRIBE), Augur (REP) and Bitcoin Standard Hashrate Token (BTCST) — would be delist ed from the exchange effective Dec. 22 due to not meeting the “high level of standard we expect.” Immediately after the announcement, decentralized social media protocol Mithril, whose token had a market capitalization of less than $10 million at the time of publication, posted the following statement on Twitter: “Today, Binance has announced that it will delist MITH. As part of the MITH listing, Binance required a 200,000 BNB deposit, which was never returned. On behalf of the Mithril community, we ask @cz_binance to return this deposit so that Mithril may continue to operate.” At the time of the initial listing, 200,000 BNB (BNB) was valued at $1.9 million. As ...