BNB insurance for Binance listing? CZ addresses delisted project’s claims By Cointelegraph

A decentralized social network project called Mithril (MITH) was recently delisted from Binance and in return, the crypto project asked for the 200,000 BNB (BNB) it had to deposit as insurance for listing on the exchange.

Binance CEO Changpeng “CZ” Zhao responded to MITH’s demand on Twitter with a screenshot of their contract that suggests if the listed token price falls below a certain threshold, the exchange has the right to deduct the insurance fund partially or fully as an additional fee.