MegaETH Fundraising Collapse Highlights Technical Risks in Crypto

The cryptocurrency world witnessed a shocking setback as the ambitious MegaETH, an Ethereum Layer 2 project aiming to scale Ethereum, abruptly canceled its $1 billion fundraising plan. The cancellation came after technical failures during the token sale led to investor confusion and significant financial losses. 😥 💰 This incident raises critical questions about the future of large-scale fundraising events in the blockchain space.