According to AMBCrypto, MegaETH announced on 27 November that it will refund all $500 million raised in its 25 November pre-deposit bridge campaign, admitting the execution was 'sloppy.' The team acknowledged operational failures including site crashes, a rapidly filled $250M cap, and a multisig error. Depositors will receive full refunds via a new smart contract under audit. The refund decision appears influenced by compliance concerns, with the team citing the need to adhere to 'best practices in disclosures.' The project's mainnet launch remains targeted for December, but the incident has raised questions about its readiness.
MegaETH Refunds $500M After 'Sloppy' Pre-Deposit Bridge Campaign
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