Bybit, Binance and Bitget scrap tokenized SpaceX IPO allotments amid share shortfall

Bybit, Binance and Bitget have withdrawn their planned allocations for tokenized exposure to SpaceX's IPO after failing to obtain enough underlying shares, and each says affected users will be refunded. Bybit said Friday it will return all subscription funds and add a 10% consolation reward, while Binance said it will refund locked USDC and distribute a share of a $1 million airdrop tied to its upcoming SPCXB token.