​Mithril requests a refund of 200 000 BNB after delisting from Binance

What’s new? On December 15, representatives of the Mithril platform published a tweet in which they demanded the Binance cryptocurrency exchange to return a deposit of 200 000 BNB (~$52,88 million), which was made earlier for the listing of token MITH. As noted by Mithril, the exchange announced the delisting of the asset but has not yet returned the deposit.

1/ 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. ⁰On behalf of the Mithril community, we ask @cz_binance to return this deposit so that Mithril may continue to operate. — MITH (@mithdotio) December 15, 2022

What is known about Mithril? It is a decentralized Ethereum blockchain-based social network platform that rewards users for creating content. Amid the news of the delisting, the price of the native token MITH plummeted by 33% to $0,00842215 as of December 15, 15:15 UTC, according to aggregator CoinGecko.

Details on the situation. The Mithril team wrote that they had been working with Binance since 2018, their project being the first to be listed on the BNB Beacon Chain (BEP2). In addition, the project regularly contributed to Binance Charity and supported other initiatives of the exchange through affiliate and informal requests.

Given that Binance has decided to unilaterally end this partnership, the team’s representatives on behalf of the entire Mithril community are respectfully requesting the return of the deposit so that the project can continue to operate, the post says.

Binance also announced the delisting of a number of crypto assets from the platform, including MITH, TRIBE, REP, and BTCST, on its blog on December 15. Deposits of these tokens are available until December 23, 2022, and withdrawals are available until March 23, 2023.

Delisting announcement

In October, Binance announced the delisting of four tokens: DNT, NBS, BTG, and TCT. Representatives of the exchange noted that the company periodically reviews each digital asset to ensure that it meets a high level of standards. If any of the assets fail to meet them, the exchange removes them from the list.