{"id":71555,"date":"2022-12-16T13:35:18","date_gmt":"2022-12-16T11:35:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71555"},"modified":"2025-09-08T09:35:20","modified_gmt":"2025-09-08T06:35:20","slug":"binance-chief-explains-mithril-delisting","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/binance-chief-explains-mithril-delisting\/","title":{"rendered":"Binance chief explains Mithril delisting"},"content":{"rendered":"<p>Binance CEO Changpeng Zhao answered Mithril&#8217;s team&#8217;s complaints about the delisting of the project&#8217;s token and the request to return the deposit of 200,000 BNB (approximately $50.7 million).<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Your token price is way below the trigger levels. Reading the comments. Your website is offline. I believe our team has made the right decision and acted fully within our right to do so. Regards. 2\/2<\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1603649563058876417?ref_src=twsrc%5Etfw\">December 16, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On December 15, the exchange <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-will-delist-mith-tribe-rep-and-btcst-on-2022-12-22-35a4169422154c838f012331f5f4b425\">\u043e\u0431\u044a\u044f\u0432\u0438\u043b\u0430<\/a> the cessation of trading for several coins, including Mithril (MITH).<\/p>\n<p>The project\u2019s developers said that at listing in 2018 they deposited 200,000 BNB and asked Zhao to return it. They noted that they had collaborated with the Binance team on an informal basis, donated to the company\u2019s charitable initiative, and that MITH was the first token listed on the BNB Beacon Chain network.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">2\/ Mithril has had a long history of working with Binance since 2018 as the first token to list on BNB Beacon Chain (BEP2) network, donated to Binance Charity, and collaborated on other Binance initiatives based on partnership and informal requests.<\/p>\n<p>\u2014 MITH (@mithdotio) <a href=\"https:\/\/twitter.com\/mithdotio\/status\/1603356874665250817?ref_src=twsrc%5Etfw\">December 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abGiven that Binance unilaterally decided to terminate this partnership, the Mithril developers said, &#8216;We respectfully request the return of our deposit of 200,000 BNB.&#8217;<\/p>\n<\/blockquote>\n<p>The project\u2019s deposit amount at listing was about $2 million. Since then it has grown to about $50.7 million (<a href=\"https:\/\/www.coingecko.com\/en\/coins\/bnb\">CoinGecko<\/a>).<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abI reviewed this after seeing your post. Here is the contract clause for your (and community) reference. We usually observe confidentiality, until you broke it. The Insurance Deposit is there to encourage builders to continue to build\u00bb, Zhao wrote.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">I reviewed this after seeing your post. Here is the contract clause for your (and community) reference. We usually observe confidentiality, until you broke it. The Insurance Deposit is there to encourage builders to continue to build. 1\/2 <a href=\"https:\/\/t.co\/OX34TOmD1g\">pic.twitter.com\/OX34TOmD1g<\/a><\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1603649325300453376?ref_src=twsrc%5Etfw\">December 16, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In his words, Binance&#8217;s decision to delist MITH was taken in accordance with the rules.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abYour token price is below the trigger levels. Read the comments. Your website is down. You have not written or updated your community for almost two years\u00bb, Zhao added.<\/p>\n<\/blockquote>\n<p>Before the thread addressed to him, the project&#8217;s last tweet was dated January 7, 2021. It concerns the listing of MITH on the ACE exchange. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/iXZEMuUubuGkLUjl2L-CkX035EI_Ek7qXDxQY5MBplmKR6-rTdHb1RyTZQm-kslHQhXJ1kK50vT8MusKaiJWm0-8reVsmrEgvVqa_ySSTaVAQ6BmVRGrQIHQJWbvzjDw9DH6-KcCA7MklIi-I0nNi0Jp-8NkTD7WUrdm8gi-RK5KGOaj8U0o4kbvy7dYrA\" alt=\"Binance chief explains Mithril delisting\"\/><figcaption>Source: Twitter.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/mithril\">CoinGecko<\/a>, the Mithril token trades around $0.008. Its price has fallen by 99.8% from the April 2018 peak of $3.82.<\/p>\n<p>In March 2020 the coin price fell to $0.002.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/uNU04Fzmpcbw17UgQ6Mh7KIkAgHIO7weZeHr6_Ak8psCvi9O5maHuARCxhTjLhbw2rVTXO4vdpk2bBJFsmSsM1jUAVMwQ6YHUjm4sWB9Qjw55W1I80WpaeXMCN_6GN_B6p7k83BTHFdUlBr8mAtn9uWcc1oqzGYtwG3vJ5yDIbiaq374LE0iKq3W0unGWw\" alt=\"Binance chief explains Mithril delisting\"\/><figcaption>Source: CoinGecko.<\/figcaption><\/figure>\n<p>Back in April 2019, MITH became the first token listed on Binance&#8217;s decentralised platform.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance CEO Changpeng Zhao responded to Mithril\u2019s complaints about the project\u2019s delisting and to the request to return the deposit of 200,000 BNB (approximately $50.7 million).<\/p>\n","protected":false},"author":1,"featured_media":71556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Binance chief explains Mithril delisting and deposit dispute.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1166],"class_list":["post-71555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-centralized-exchanges-cex"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"Binance chief explains Mithril delisting and deposit dispute.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=71555"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71555\/revisions"}],"predecessor-version":[{"id":71557,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71555\/revisions\/71557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/71556"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=71555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=71555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=71555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}