Binance cancels SPCXx IPO and airdrops approximately $1 million worth of SPCXB tokens as compensation to participants.

CoinFeed reported on June 12 that, according to a Binance announcement, Binance Wallet has cancelled its SPCXx IPO due to "uncontrollable factors." All USDC locked by participating users will be fully refunded via the original payment method, expected to be completed before June 12, 2026. Simultaneously, approximately $1 million worth of bStocks SpaceX tokens (SPCXB) will be airdropped to participating users based on their participation, expected to be distributed to their spot accounts before June 18, 2026. SPCXB is a tokenized security pegged 1:1 to SpaceX stock, with the underlying shares held by a regulated custodian and proof of reserves provided. It will subsequently be listed on the Binance spot market.