{"id":282344,"date":"2022-12-16T13:45:58","date_gmt":"2022-12-16T13:45:58","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=282344"},"modified":"2023-08-19T16:51:32","modified_gmt":"2023-08-19T15:51:32","slug":"mith-token-plummets-20-as-cz-responds-to-mithrils-request-for-return-of-200000-bnb-deposit","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/mith-token-plummets-20-as-cz-responds-to-mithrils-request-for-return-of-200000-bnb-deposit\/","title":{"rendered":"MITH token plummets 20% as CZ responds to Mithril&#8217;s request for return of 200k BNB deposit"},"content":{"rendered":"<p>Mithril <a href=\"https:\/\/twitter.com\/mithdotio\/status\/1603356872303865856\">tweeted<\/a> on Dec. 16, commenting on Binance's announcement to delist MITH, and said that the MITH listing process required a 200,000 BNB deposit to Binance. Mithril <a href=\"https:\/\/twitter.com\/mithdotio\/status\/1603356874665250817\">said<\/a> it has had &#8220;a long history of working with Binance since 2018,&#8221; donated to Binance Charity, and collaborated with other Binance initiatives.<\/p>\n<p>The Mithril community requested that CEO at Binance, Changpeng Zhao (CZ), return the 200,000 BNB deposit so that Mithril can continue to operate.<\/p>\n<p>CZ <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1603649325300453376\">responded<\/a> on Twitter and said he had reviewed the situation after seeing Mithril's post. Within the response, CZ added an image of a clause in Mithril's contract for &#8220;[Mithril's] (and community) reference.<\/p>\n<blockquote><p>&#8220;We usually\u00a0 observe confidentiality, until you broke it. The insurance\u00a0 Deposit is there to encourage builders to continue to build.&#8221;<\/p><\/blockquote>\n<p>CZ <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1603649563058876417\">said<\/a> that the price of the MITH token was &#8220;way below the trigger levels,&#8221; and noted that both Mithril's website was offline, and that Mithril hasn't &#8220;tweeted or updated [their] community for almost 2 years.&#8221;<\/p>\n<blockquote><p>&#8220;I believe our team has made the right decision and acted fully within our right to do so.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Mithril tweeted on Dec. 16, commenting on Binance&#8217;s announcement to delist MITH, and said that the MITH listing process required a 200,000 BNB deposit to Binance. Mithril said it has had &#8220;a long history of working with Binance since 2018,&#8221; donated to Binance Charity, and collaborated with other Binance initiatives. The Mithril community requested that [&hellip;]<\/p>\n","protected":false},"author":1398,"featured_media":346180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,60793,15323,76736],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MITH token plummets 20% as CZ responds to Mithril&#039;s request for return of 200k BNB deposit<\/title>\n<meta name=\"description\" content=\"Mithril requests return of BNB deposit from Binance; CZ responds, cites confidentiality, and low MITH token price.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/mith-token-plummets-20-as-cz-responds-to-mithrils-request-for-return-of-200000-bnb-deposit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MITH token plummets 20% as CZ responds to Mithril&#039;s request for return of 200k BNB deposit\" \/>\n<meta property=\"og:description\" content=\"Mithril requests return of BNB deposit from Binance; 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