Cryptocurrency exchange leader Binance issued a shocking emergency notice to all users today. The announcement stated that due to external factors beyond the team's control, the highly anticipated "Binance Wallet SPCXx IPO Campaign," which was expected to generate significant community participation, has been officially cancelled. The Binance team expressed its sincerest apologies for any inconvenience caused by this sudden restructuring and simultaneously offered two major compensation packages: automatic full refunds and a token airdrop totaling $1 million.
The full amount of USDC will be automatically refunded, plus an additional $1 million SPCXB airdrop as compensation.
For all users who have participated in the event and locked their funds, Binance emphasizes that "users do not need to perform any manual operations." The official refund process has now officially started, and all USDC funds previously locked due to participation in the event will be fully refunded to the user's original Binance wallet. The entire full refund process is expected to be completed by today (June 12, 2026).
In addition, to express gratitude for the community's continued trust and support, Binance announced that it will personally fund an airdrop of bStocks SpaceX tokens (SPCXB) worth a total of $1 million to all users who participated in this IPO. This large airdrop will be automatically deposited into the Binance Spot accounts of compliant participants without any user intervention, and is expected to be distributed before June 18, 2026.
Tokenized securities are high-risk; US users have been blacklisted.
At the end of the announcement, Binance also specifically highlighted compliance and investment risks. The official disclaimer emphasized that "Tokenized Securities" such as SPCXB are only used to track real-world stock prices and do not represent that investors actually own shares of the underlying entity of the company. Therefore, holders will not enjoy any legal shareholder rights such as dividends and voting rights at shareholder meetings.
Furthermore, due to the extreme vulnerabilities of tokenized assets, such as price discrepancies, insufficient liquidity, and issuer credit risk, this product will be subject to strict geo-blocking under legal compliance restrictions and is absolutely not applicable to US users or any US citizens. Binance urges global investors to ensure their wallets comply with local laws and regulations before participating in the US stock tokenization sector and to rationally accept the high-risk investment uncertainties.
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SpaceX's pre-market price averaged $174, pushing its market capitalization to $1.765 trillion.
