MegaETH's Layer 2 mainnet goes live today, but reports say the MEGA token will not be released until the project meets specified milestones. The holdback is framed as a risk-management step to prioritize security and readiness over immediate token distribution.
MegaETH refunded the full $500 million collected in its pre-deposit campaign after a chaotic launch exposed major operational and compliance failures. The team says refunds are complete while it investigates what went wrong.

A prominent MEGA investor known as ICObeast forfeited roughly $1,000,000 in tokens after a public comment about hedging triggered an on-chain penalty. The event highlights governance-driven risk in DeFi and the perils of sharing ICO strategies publicly.