Binance canceled its SPCXx IPO campaign and announced full USDC refunds for all affected participants. Eligible users will receive an equal share of a $1 million SPCXB token airdrop by June 1
Binance canceled its Wallet SPCXx IPO campaign on June 12, 2026, affecting participants globally due to unexplained circumstances on Binance platform. Soon after, Binance announced full USDC refunds and a $1 million SPCXB token distribution for participants. Refunds process in batches, while SPCXB airdrop completion is scheduled for June 18, 2026.
Binance confirmed full refunds for users who locked USDC into the SPCXx IPO campaign. The exchange will return funds through the original payment method without requiring user action.
Refunds are returned through the same original payment method used during participation. Users do not need to initiate withdrawal requests for the refund process. Refunds process in batches and are expected to complete by June 12, 2026.
Binance will distribute $1 million worth of SPCXB tokens to all campaign participants equally. The SPCXB asset represents bStocks SpaceX tokens backed by real SpaceX shares held by a custodian. Binance scheduled completion of the SPCXB airdrop by June 18, 2026 for all eligible users.
Distribution will occur equally regardless of the amount each participant originally committed. The airdrop serves as compensation following the cancellation of the campaign event. SPCXB tokens will be credited directly into Binance Spot Accounts for participants. No action is required from users for the SPCXB airdrop distribution process.
Binance confirmed SPCXB will be listed on spot markets at a later date, without a set timeline. Users can still trade SpaceX stock labeled SPCX through Binance Stocks despite the campaign cancellation.
Binance said SPCXx campaign is separate from SPCX stock trading operations. No reason was disclosed beyond circumstances outside Binance control for the cancellation decision. The campaign involved USDC locked participation prior to the refund announcement.
SPCXC trading exposure remains available separately on Binance Stocks platform. The cancellation announcement did not include detailed technical or external cause information. Binance clarified that SPCX remains unaffected by the IPO campaign cancellation. The announcement separates SPCXx IPO activity from ongoing stock trading services.
The post Binance Cancels SPCXx IPO, Issues Refund And Airdrop Plan appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
