Binance cancels SPCXx IPO event and airdrops approximately $1 million worth of SPCXB token compensation to participants According to Binance's announcement, Binance Wallet has cancelled the SPCXx IPO event due to "uncontrollable factors". All USDC locked by participating users will be fully refunded and is expected to be completed before June 12, 2026; At the same time, approximately $1 million worth of bStocks SpaceX token SPCXB will be airdropped to participating users based on their participation status. It is expected to be distributed to spot accounts before June 18, 2026. SPCXB is a tokenized security that is anchored 1:1 to SpaceX stock, held by a regulated custodian institution and provides proof of reserve. It will be traded on the Binance spot market in the future.