Crypto exchange Bybit has refunded the subscription funds for the SpaceX IPO after it failed to receive the underlying assets from xStocks. Binance also canceled a campaign related to the IPO due to c...

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<p>Crypto exchange Bybit has refunded the subscription funds for the SpaceX IPO after it failed to receive the underlying assets from xStocks. Binance also canceled a campaign related to the IPO due to circumstances “outside of their control.”</p></div></div>

SpaceX IPO: Bybit Refunds 100% of Subscription Funds After xStocks Underallocation

Summary
Binance Wallet, Bybit and Bitget canceled SpaceX pre-IPO offerings after failing to secure shares through xStocks.
The issue wasn't tokenization itself but getting access to the underlying ass...

SpaceX IPO scramble reveals difference between tokenizing a stock and getting one

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 sincerely apologizes for any inconvenience caused by this sudden restructuring and has simultaneously offered two major compensation packages: automatic full refunds and a token airdrop totaling $1 million.

USDC full refund...

Binance has urgently cancelled its SpaceX IPO pre-order event: users will receive a full refund in USDC and an additional 1 million SPCXB tokens will be airdropped as compensation.

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