Zhao Changpeng responds to the delisting of MITH: The project team's operations have encountered issues, and the Binance team has the right to act according to the contract terms

ChainCatcher news, Binance founder Zhao Changpeng posted on social media to explain the reasons for "delisting MITH." Zhao Changpeng stated that the price of MITH has fallen far below its level at the time of release, and the project's website is offline. The project's official Twitter account has not posted any tweets or updates to the community for nearly 2 years. It is believed that the Binance team made the right decision in this matter and acted fully within the rights owned by Binance.

According to the cooperation agreement provisions provided by Zhao Changpeng, if the project's token price remains below 50% of $0.13 for 15 consecutive days, or if there are any adverse facts related to the token or the project that are detrimental to Binance users, Binance will have the right to deduct all or any part of the deposit as an additional fee.

Earlier reports indicated that Binance announced yesterday that it would stop trading and delist MITH on December 22 at 17:00 due to not meeting project review standards. Subsequently, MITH's official account accused Binance of unilaterally terminating the cooperation and requested the return of a 200,000 BNB deposit. (source link)