The decentralized bridge 402Bridge suffered a significant security breach, leading to a loss of approximately $17,000 worth of USDC. PeckShieldAlert identified suspicious activity affecting over 200 users. The attack happened shortly after the project’s launch and coincided with the rapid adoption of the x402 payment protocol. 402Bridge has since halted its operations. Security experts are urging users to revoke any active permissions linked to the compromised address, citing a critical flaw in the backend process. The vulnerability allowed hackers to gain access to private keys, enabling them to steal user funds and move the stolen cryptocurrency through various transactions.