MegaETH Refunds All Pre-Launch Funds
Update: 2025-11-28
Description
MegaETH Refunds User Funds After Chaotic Fundraising Attempt: The company, MegaETH, has announced it will return all user funds deposited into its pre-launch Pre-Deposit Bridge following a disastrous campaign to build liquidity for their stablecoin USDm. The campaign, intended to raise $250 million, turned into one of the most chaotic fundraising attempts of the year due to a series of technical failures and operational missteps. The company admitted their execution was sloppy and that user expectations didnt align with their internal goals. All deposits will be returned through a new smart contract currently undergoing an audit.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
