β οΈ Update on the SpaceX IPO
Due to the failure of XStocks, Bybit Exchange did not receive any SpaceX token allocation.
As a result, users who subscribed will not receive any token allocation.
However, all locked funds have been fully refunded with no conditions attached.
In addition, since users' funds were locked for 4 consecutive days, Bybit will provide 10% APR compensation.
Example:
If you locked $1,000, your compensation will be:
$1,000 Γ 10% Γ 4 Γ· 365 = $1.10
Note: Some people believe this issue was caused by Bybit or Bitget. That assumption is incorrect.
If the issuing company fails to provide token allocations, exchanges cannot distribute tokens that they never received.
That said, exchanges do have certain responsibilities, and Bybit has already apologized for the inconvenience.
Incidents like this are not uncommon in this industry, so there is no need to worry too much about it.