Ethereum Layer-2 Project MegaETH to Refund $400M After USDM Launch Failure
ByAinvest
Friday, Nov 28, 2025 1:31 am ET1min read
ETH--
Ethereum layer-2 project MegaETH will refund over $400m after technical failures disrupted its USDm pre-deposit launch. A misconfigured multisig and third-party bridge issues led to deposits exceeding $400 million. Refunds are pending a contract audit, with a redesigned USDC-USDm bridge planned before the Frontier mainnet beta.
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