MegaETH $500 Million Pre-Deposit Fails Completely After Series of Critical Errors

The ambitious MegaETH project, which had accumulated approximately $500 million in pre-deposits from investors, has encountered a complete operational failure. The collapse follows a succession of strategic missteps and technical shortcomings that undermined investor confidence and project viability. This development represents one of the most significant setbacks in the recent crypto project landscape, highlighting the inherent risks associated with early-stage blockchain ventures and substantial pre-launch funding rounds. The situation serves as a critical case study for due diligence and risk assessment for investors in the digital asset space.