Project alleges unreturned listing deposit as Binance announces delistings
On Dec. 15, cryptocurrency exchange Binance announced that four tokens — Mithril (MITH), Tribe (TRIBE), Augur (REP) and Bitcoin Standard Hashrate Token (BTCST) — would be delisted 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:
At the time of the initial listing, 200,000 BNB (BNB) was valued at $1.9 million. As of the time of publication, it was worth $52.7 million.
Initially, users panned the Mithril Twitter account, which had remained dormant for nearly two years, with the last post taking place on Jan. 7, 2021. At the time of publication, the project’s official website appears offline.
Lmao project that was dead for 2 years and didn't have a single Tweet since Jan 2021 rushes to Twitter to ask for their money back after delisting.Delisting happened this morning, funny how fast they were to complain after being dead silent to holders for those 2 years. https://t.co/5jRxoQEGyf
However, the issue appears to be more sophisticated than first understood. In an initial listing document published by Binance dated Nov. 15, 2018, the exchange stated:
Cointelegraph previously reported in 2019 that at the time, Binance solicited considerations from newly listed crypto projects, which the exchange denied as being "listing fees.” Those policies have since changed.
Cointelegraph reached out to Binance for comment but did not receive a response by publication time. This is a developing story and will be updated accordingly.
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