MegaETH has announced it will refund all funds raised through its Pre-Deposit Bridge, citing execution errors and a misalignment with market expectations and the original intent of ensuring a 1:1 USDm exchange on the mainnet. The refund process will be conducted via a new smart contract, which is currently undergoing an audit. Once completed, refunds will be issued promptly. Additionally, MegaETH plans to reopen the USDC to USDm exchange bridge before the Frontier mainnet launch.