MegaETH Scaling Project Halts $1 Billion Sale Due to Technical Glitches

MegaETH’s ambitious pre-deposit event for its token sale was abruptly halted after a series of technical failures disrupted the launch for verified users. Configuration errors and rate-limit issues, including a premature execution of a large multisig transaction, led to an unauthorized influx of deposits and an unexpected exceedance of the original $250 million cap. The result? A freeze on deposits at a staggering $500 million, and a postponement of the planned $1 billion fundraising round.