MegaETH to Reimburse $500M Following Fundraising Mistakes
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 28 2025Refund Announcement: MegaETH will refund $500 million raised during its pre-deposit campaign due to execution errors, acknowledging mishandling in their fundraising process.
Community Reaction: The crypto community has shown mixed reactions to the refund decision, with some supporting the move while others criticize it.
New Smart Contract: A new smart contract is currently under audit to facilitate the refund process, as MegaETH aims to stabilize liquidity ahead of its Frontier mainnet launch.
Historical Context: This refund situation draws parallels to past incidents in the crypto sector, highlighting the importance of transparency and compliance in maintaining market stability and reputation.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
