MegaETH (MEGA), a cryptocurrency project, announced on X (formerly Twitter) that all funds collected through its bridge will be refunded. The company explained that investor contributions won’t be forgotten but require compliance with regulations before refunds are issued. A new smart contract, currently undergoing audit, will handle the process, and refunds will follow later. 📰 The project also emphasized USDM’s crucial role in their ecosystem and confirmed its support by various Frontier applications ahead of the mainnet launch. To enhance liquidity for pre-listing, the USDC-USDM conversion bridge will reopen before the Frontier mainnet launch. 📈 The pre-investment campaign that aimed to reach a $1 billion valuation has been hampered by technical glitches. It was planned to allocate MEGA tokens to verified users in a controlled manner. Despite errors caused by configuration issues and speed limit problems in the KYC system, the team stated the campaign will be revisited after addressing these issues. 🤝 Additionally, a Safe multi-signature transaction was triggered prematurely, exceeding the $250 million limit and prompting its cancellation. It’s important to note that this is not investment advice.