MegaETH Returns Entire $500M After 'Sloppy' Pre-Deposit Campaign

Published at 2025-11-27 23:15:10

MegaETH announced it has returned the full $500 million gathered during its pre-deposit campaign after a chaotic launch that exposed significant operational breakdowns and compliance lapses. The platform described the campaign as “sloppy,” saying refunds have been processed to affected wallets while it conducts an internal review and coordinates with service providers to trace where controls failed.

The refund removes immediate financial exposure for participants but leaves governance and regulatory questions unanswered. Market confidence in the MEGA token and in MegaETH’s rollout processes has been shaken; investors and partners will be watching for an independent audit, clearer compliance measures, and possible leadership or process changes before normal activity resumes.

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