PANews reported on October 28th that SlowMist founder Yu Xian posted on the X platform that the ownership of the 402bridge contract had been changed. This appeared to be due to a private key theft, but an insider attack could not be ruled out (this statement does not mean that the project team acted collectively, as it was not a typical rugpull). 402bridge.fun stopped service just two days after registration. Then, a "hacker" stole the USDC of all users who authorized the bridge contract in bulk. This is the first public case of theft related to the 402 protocol service.PANews reported on October 28th that SlowMist founder Yu Xian posted on the X platform that the ownership of the 402bridge contract had been changed. This appeared to be due to a private key theft, but an insider attack could not be ruled out (this statement does not mean that the project team acted collectively, as it was not a typical rugpull). 402bridge.fun stopped service just two days after registration. Then, a "hacker" stole the USDC of all users who authorized the bridge contract in bulk. This is the first public case of theft related to the 402 protocol service.
SlowMist: The 402Bridge attack appears to be caused by a private key leak, but an insider attack cannot be ruled out.
2025/10/28 13:08
PANews reported on October 28th that SlowMist founder Yu Xian posted on the X platform that the ownership of the 402bridge contract had been changed. This appeared to be due to a private key theft, but an insider attack could not be ruled out (this statement does not mean that the project team acted collectively, as it was not a typical rugpull). 402bridge.fun stopped service just two days after registration. Then, a "hacker" stole the USDC of all users who authorized the bridge contract in bulk. This is the first public case of theft related to the 402 protocol service.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Crypto Pioneer Launches Bron Labs for Enhanced Security
The post Crypto Pioneer Launches Bron Labs for Enhanced Security appeared on BitcoinEthereumNews.com. Key Points: Dmitry Tokarev launches Bron Labs for improved crypto security. $15 million raised from individual and institutional investors. Focus on increasing access to security features for consumers. Dmitry Tokarev, founder of Copper Technologies Ltd., has launched Bron Labs, a self-custody platform enhancing digital asset security, securing $15 million in funding, based in London. Bron Labs aims to extend enterprise-level security to individual users, marking a shift in self-custody accessibility; the $15 million fundraising reflects strong investor confidence in Tokarev’s leadership. Bron Labs Launches with $15 Million Investment Dmitry Tokarev, known for pioneering Copper Technologies Ltd., has initiated a new venture named Bron Labs. This self-custody platform aims to address security risks surrounding digital assets. Through Bron Labs, Tokarev endeavors to transfer solutions once exclusive to enterprises to broader audiences. The introduction of Bron Labs represents a significant shift in digital asset security, aiming to democratize tools previously limited to large corporations. Consumers and professionals stand to benefit from these new security offerings, enhancing trust in self-custodied digital transactions. “Our self-custody solutions are designed not just for professionals but also to empower everyday users to manage their digital assets securely and efficiently,” said Dmitry Tokarev, Founder, Bron Labs. No reports from industry experts or related organizations have surfaced regarding this development. The crypto community remains observant as Bron Labs starts its rollout, with anticipation for increased security standards in self-custody solutions. Key investors signal confidence in this technological advancement. Impact of New Security Solutions on Crypto Market Did you know? The shift toward democratizing security solutions parallels previous moves like Fireblocks’ rise, often marking pivotal moments in crypto for both institutional and individual stakeholders. Bitcoin (BTC) currently trades at $114,178.55, with its market cap recorded at 2.28 trillion as per CoinMarketCap. The 24-hour volume shows a minor decline, while its…
Share
2025/10/28 16:03
Elon Musk launches Grokipedia where Grok AI controls all content
TLDR Grokipedia is open-source and free, with over 885,000 articles at launch. Grok AI manages all content and decides if user edit requests are accepted. Musk delayed the launch to remove what he called “propaganda” content. Wikipedia’s article on Grokipedia notes concerns of far-right slant. Elon Musk has introduced Grokipedia, an AI-driven, open-source encyclopedia aiming [...] The post Elon Musk launches Grokipedia where Grok AI controls all content appeared first on CoinCentral.
Share
2025/10/28 16:27
Chegg is cutting 388 jobs (45% of workforce) due to AI competition and reduced Google search traffic
Chegg announced on Monday it will eliminate 388 jobs, representing about 45% of its total workforce, as the education technology company struggles with falling revenue caused by artificial intelligence and decreasing visitors from Google searches. The company, which started two decades ago, has taken a major hit from AI-powered tools like ChatGPT that students now […]
Share
2025/10/28 15:50