CZ tweeted in response to questions about the delist of $MITH, saying, "Mithril's token price is well below the trigger levels and the official website has been taken offline, no tweets or community updates have been sent for almost 2 years. I believe our team has made the right decision and acted fully within our right to do so."
The terms of the contract accompanying CZ show that Binance will have the right to deduct all or any portion of the Insurance Deposit as an additional fee, once the price of the project's token falls below 50% of $0.13 (Price Trigger) for 15 consecutive days, or if there is any event against the token or the project's users.
Previously, Binance announced that it had taken down $MITH because it no longer met the project's vetting criteria. Mithril subsequently tweeted asking Binance to return the $200,000 $BNB deposit.
CZ
Binance
