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MegaETH credit expansion operation failed, indicating that chud.eth may have front-run the credit increase. The total credit limit has been adjusted to 500 million USD.

By: theblockbeats.news|2025/11/25 15:45:54

BlockBeats News, November 25th, according to official sources, MegaETH has announced an increase in the USDm quota limit to 1 billion US dollars. The bridging will open at 0 o'clock tomorrow Beijing time, but the quota appears to have been preemptively taken.

The team had originally planned to increase the quota by pre-signing transactions and executing the quota increase operation at a designated time to ensure the event started on time. However, the team was unaware that any signed transaction could be broadcast by anyone. Suspected crypto whale @chud_eth exploited this vulnerability to prematurely execute the quota increase operation, completing the distribution of USDm ahead of schedule.

At the same time, the total quota has been modified to 5 billion US dollars, and currently, over 4.83 billion US dollars in quota have been allocated.

The US stock market continues to decline, with the Nasdaq falling further to 1%.

MegaETH: No Longer Pursuing $1 Billion Cap Plan, Will Implement Withdrawal Functionality