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Binance Cancels SPCXx IPO, Airdrops $1M Worth of SPCXB Tokens as Compensation

Token Events Stocks

2026-06-13 03:41:47

SPCXX-2.42%

USDC-0.06%

SPCX7.45%

According to Binance's announcement, Binance Wallet canceled the SPCXx IPO due to "unforeseeable factors" and will refund all locked USDC in full by June 12, 2026. The platform will simultaneously airdrop approximately $1 million worth of SPCXB (bStocks SpaceX) tokens to participating users based on their participation levels, with distribution to spot accounts expected by June 18, 2026.

SPCXB is a tokenized security pegged 1:1 to SpaceX stock, with underlying shares held by regulated custodians and backed by proof of reserves. The token will subsequently be listed for trading on Binance's spot market.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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