The MegaETH quota expansion operation encountered an error, suspected to have been prematurely claimed by chud.eth, and the total quota has been modified to 500 million USD.

According to BlockBeats news on November 25, MegaETH announced that it has raised the USDm limit to 1 billion USD, and the bridge will open at 0:00 Beijing time tomorrow, but the limit seems to have been seized in advance. The team originally planned to execute the limit increase operation at a designated time through pre-signed transactions to ensure the event starts on time. However, the team did not realize that anyone could broadcast the signed transactions. It is suspected that large investor @chudeth exploited this loophole to execute the limit increase operation in advance, completing the allocation of USDm ahead of schedule. Meanwhile, the total limit has been modified to 500 million USD, and more than 483 million USD has already been allocated.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

In the past 24 hours, liquidations across the entire network totaled $232 million, with long liquidations accounting for over 60%.

Gate News, April 9, according to CoinAnk data, the total liquidation amount across the entire network over the past 24 hours reached $232 million. Of that, long liquidations totaled about $144 million, accounting for more than 60%; short liquidations totaled about $88.17 million. From the distribution by asset, the liquidation amount for Bitcoin was about $68.95 million, and the liquidation amount for Ethereum was about $35.32 million.

GateNews41m ago

The Iran-U.S. ceasefire talks may be torn apart! Iran warns Israel: If it continues its relentless shelling of Lebanon, it will “fully withdraw from the ceasefire agreement.” Bitcoin immediately drops below $71,000.

Iran threatened to withdraw from the U.S. ceasefire agreement with Israel’s bombing of Lebanon and is preparing retaliation. As geopolitical tensions intensify, risk-averse sentiment has emerged in global markets, and the prices of Bitcoin and Ethereum have fallen sharply. The peace process between the United States and Iran faces a risk of breaking down.

動區BlockTempo46m ago

SUI Will Overtake Ethereum: Mysten Labs Co-Founder Makes Bold Call

A bold statement from Mysten Labs has pushed Sui back into the spotlight, especially as the conversation around scalability and real-world crypto payments continues to evolve. The claim centers on one idea. Future financial systems will demand fast and near-free transactions, and that

CaptainAltcoin1h ago

Tom Lee: The stock market often hits bottom early in a war, bullish on Ethereum and tech stocks

Well-known analyst Tom Lee said in an interview that despite the U.S.-Iran conflict and rising oil prices, the stock market did not fall, showing that the market has strong resilience. He believes that most S&P constituents have undergone significant adjustments, that the worst-case scenario for the overall market may already be behind us, and that there is room for upside from here. He is bullish on Ethereum as well as technology, industrial, and mid- and small-cap stocks.

GateNews1h ago

A whale opened a $4.35 million ETH long position with 10x leverage, planning to take profit at $2,220.

On April 9, a whale address starting with 0x9fa opened an approximately $4.35 million ETH long position with 10x leverage, with an entry average price of $2,179 and a liquidation price of $2,001. Subsequently, the address planned to take profit at $2,220 and place a $4.45 million sell order.

GateNews2h ago
Comment
0/400
No comments