Notice of Beldex ($BDX) delisting and $BELDEX airdrop

Last updated: 19 October 2026

The Beldex team deployed a new contract and token, $BELDEX, following an incident affecting $BDX. Kraken airdropped $BELDEX to eligible clients on a 1:1 basis, and legacy $BDX was delisted. Both tokens supported withdrawals only, and both were delisted.

This article explained the airdrop, who was eligible, the withdrawal timelines, and what happened to balances that remained after the deadline. Clients who wanted to keep their tokens needed to withdraw any $BDX or $BELDEX before withdrawals closed on September 25, 2026 at 14:00 UTC. Balances remaining after that date were liquidated automatically.

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    The Beldex team deployed a new token, $BELDEX, in response to an incident affecting $BDX.

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    Clients who held $BDX at the snapshot on June 10, 2026 at 23:36 UTC received a 1:1 airdrop of $BELDEX based on their snapshot balance.

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    The airdrop took place on July 10, 2026 at 14:00 UTC. No action was required to receive it.

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    Both $BDX and $BELDEX supported withdrawals only. Trading and deposits were disabled for both tokens.

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    Both $BDX and $BELDEX were delisted.

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    Withdrawals for both tokens closed on September 25, 2026 at 14:00 UTC.

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    Any $BDX or $BELDEX remaining in your account after September 25 was liquidated automatically between October 2 and October 9, 2026.

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    Clients who acquired $BDX after the snapshot were not eligible for the airdrop, and there was no claims portal or other recourse available.

Legacy $BDX was delisted. Trading and deposits were permanently disabled, and only withdrawals were supported.

Contract address:

0x6ad12E761b438beA3EA09F6C6266556Bb24C2181

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    Trading and deposits were permanently disabled.

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    Withdrawals were open.

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    Delisted (see Key dates below).

$BELDEX was the new token deployed by the Beldex team in response to the incident. Note that it could still appear as $BDX on-chain. Kraken created a new ticker, $BELDEX, to distinguish it from legacy $BDX in your account.

Contract address:

0x9d10a1ec41Fe7878429BB457e31F9b050D38c633

$BELDEX supported withdrawals only and, like legacy $BDX, was delisted. It was airdropped to eligible clients as described in Airdrop eligibility below.

Eligibility for the $BELDEX airdrop was based on the snapshot set by the Beldex team.

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    Snapshot: June 10, 2026 at 23:36 UTC.

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    Clients who held $BDX at the snapshot received a 1:1 airdrop of $BELDEX based on their snapshot balance.

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    Airdrop date: July 10, 2026 at 14:00 UTC. No action was required. The $BELDEX was credited to your account automatically.

If you acquired $BDX after the snapshot on June 10, 2026 at 23:36 UTC, the following applied:

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    You were not eligible for the $BELDEX airdrop.

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    $BDX withdrawals remained open, so you could still withdraw your $BDX before the deadline.

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    There was no claims portal or other recourse available.

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    July 10, 2026 at 14:00 UTC: $BELDEX airdrop.

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    September 25, 2026 at 14:00 UTC: Withdrawals closed for both $BDX and $BELDEX.

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    October 2 to October 9, 2026: Liquidation period for any remaining balances.

Clients who wanted to keep their tokens needed to withdraw any $BDX or $BELDEX before withdrawals closed on September 25, 2026 at 14:00 UTC. Any balances remaining after that date were liquidated automatically during the liquidation period.

Please note:

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    Liquidation prices could have fallen significantly below recent reference prices.

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    Limited market liquidity at the time of execution could have resulted in minimal or no proceeds.

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    The currency of any liquidation proceeds depended on market conditions at execution and could not be confirmed in advance.

We recommended withdrawing before the deadline rather than relying on the liquidation event.

Frequently asked questions

No. If you held $BDX at the snapshot on June 10, 2026 at 23:36 UTC, your $BELDEX was credited to your account automatically on July 10, 2026 at 14:00 UTC.

No. Only clients who held $BDX at the snapshot were eligible. There was no claims portal or other recourse available for clients who acquired $BDX after the snapshot.

No. Both tokens supported withdrawals only. Trading and deposits were disabled for both.

The new token could still display as $BDX on-chain. Kraken created the separate ticker $BELDEX to help you distinguish the new token from legacy $BDX in your account.

Any $BDX or $BELDEX remaining in your account after withdrawals closed was liquidated automatically between October 2 and October 9. Liquidation prices could have been significantly lower than recent reference prices, and limited liquidity could have resulted in minimal or no proceeds. We recommended withdrawing before the deadline.

Important links

Beldex team's announcement