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Ethereum layer-2 project Megaeth to refund $400m after USDM launch failure – TON BOT

Ethereum layer-2 project Megaeth to refund $400m after USDM launch failure

MegaETH, an Ethereum Layer-2 project, is refunding over $400 million in pre-deposit funds due to technical failures during the launch of its native stablecoin, USDm. A misconfigured multisig transaction and third-party bridge issues caused the deposit platform to reopen early. Refunds are pending a smart-contract audit, with plans for a redesigned bridge before the mainnet beta.


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