Bybit, Binance, and Bitget canceled their SpaceX tokenized IPO campaigns after failing to receive the allocations needed to distribute exposure to users.
Bybit said subscribed users will not receive SpaceX allocations because xStocks was unable to deliver the underlying assets. The exchange said all subscription funds will be automatically refunded to users’ original funding accounts.
The exchange also said eligible participants will receive an additional reward based on a 10% APR over a fixed four day period, credited automatically to their accounts.
Bitget issued a similar update, saying it was unable to secure and distribute allocated SPCXx tokens for the IPO. The exchange said users will receive a full refund, including the 5% handling fee.
Bitget said affected wallet addresses will be automatically whitelisted for future tokenized IPO opportunities and will also receive a $10 gas fee voucher.
