A misconfigured multisig and overloaded KYC APIs were some of the issues that caused repeated failures during launch.
Rate-limits on Sonar’s infrastructure contributed to the breakdown.
No funds were at risk, but the user experience failed, prompting MegaETH to pause expansion.
According to a Nov. 25 series of posts on X, MegaETH said it is no longer pursuing its plan to increase its pre-deposit cap from $250 million to $1 billion after a string of technical issues disrupted the event.
The Ethereum layer-2 project said the experience “was not acceptable” and confirmed that a withdrawal page is coming for users who want their funds returned.
Rate-limits on Sonar’s infrastructure contributed to the breakdown.
No funds were at risk, but the user experience failed, prompting MegaETH to pause expansion.
According to a Nov. 25 series of posts on X, MegaETH said it is no longer pursuing its plan to increase its pre-deposit cap from $250 million to $1 billion after a string of technical issues disrupted the event.
The Ethereum layer-2 project said the experience “was not acceptable” and confirmed that a withdrawal page is coming for users who want their funds returned.