Another famous cryptocurrency exchange has joined the collective delisting decision of Binance and Huobi, which has emerged in recent days. Previously, Binance was sued by one of the altcoin projects it had delisted.
Bitfinex has decided to delist these 6 altcoins
Hong Kong-based cryptocurrency exchange shared its collective delist decision in the announcement it made on Twitter in the past hours. Unlisted coins include CEL and SRM linked to bankruptcies. Additionally, Avalanche’s DEX platform, Pangolin, is being delisted. Bitfinex has announced that the deposits of the following cryptocurrencies are closed as of now. Trades expire after December 29. Withdrawals will remain open until February 14, 2023.
- Celsius Network (CEL)
- Serum (SRM)
- Pangolin (PNG)
- BnkToTheFuture (BFT)
- Bridge Mutual (BMI)
- Bitcoin SV (BSV)
📢Bitfinex is bidding farewell to Celsius Network (CEL), Serum (SRM), Pangolin (PNG), BnkToTheFuture (BFT), Bridge Mutual (BMI) & Bitcoin SV (BSV).
– Deposits are now closed
– Trading will cease on 29/12/2022
– You can still withdraw until 14/02/2023https://t.co/DZiBNzpksD— Bitfinex (@bitfinex) December 20, 2022
At the time of the announcement, SRM and PNG prices were down around 3%. Serum (SRM) has been on the decline since delisting from Binance. Bitfinex is trading at $0.1599, down 3.41% at the time of the delist news.
Similarly, the price of Pangolin (PNG) decreases. The Avalanche-based project is trading at a 99% discount from the $4.99 ATH price. Bitfinex’s delist news came at a time when mass delisting decisions of exchanges were common.
Huobi delisted 32 cryptocurrencies in the last month
With the latest massive delisting news from Bitfinex, nearly 50 cryptocurrency hubs have moved off the board of exchanges this month. As you follow on Kriptokoin.com, Huobi announced on December 19 that it has decided to delist 16 altcoins. Prior to this, Binance, Mithril (MITH), Tribe, Augur and BTCST had decided to delist. Shortly after the Delist news, the Mithril team requested a deposit of 200,000 BNB from Binance, which has not yet been refunded.
Mithril requests 200,000 BNB from Binance to continue its operations
Following the news that Binance had delisted MITH, the Mithril team asked the exchange to return the 200,000 BNB deposited in 2018. According to Mithril, this deposit, worth approximately $53 million, is necessary for the stability and functioning of the project. Through a Twitter thread, Mithril revealed that the project has been collaborating with Binance on various programs such as Binance Charity since 2018. MITH also became the first token launched on the BNB Beacon Chain (BEP2 network). With the delisting move, that link has been broken and Mithril is seeking a refund.
How Binance redeems 200,000 BNB from Mithril is unknown to everyone. But a blog post published by the exchange four years ago shows that the crypto project donated 20,000 BNB to the Blockchain Charity Foundation in gratitude for the listing. Also, Binance is not known for charging project listing fees.
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