$17K Lost in Private Key Leak Exploiting 402Bridge During x402 Trend
Hack of 402Bridge: PeckShieldAlert reported that hackers exploited a vulnerability in 402Bridge, stealing approximately $17,000 in USDC, affecting over 200 users shortly after the project's launch.
Private Key Vulnerability: The breach was attributed to a design flaw that exposed the admin private key, allowing hackers to redirect user funds, which were then converted into ETH and moved through multiple transactions, complicating recovery efforts.
Security Warnings Issued: Following the attack, security firms like GoPlus Security advised users to revoke any active approvals linked to 402Bridge and to verify the use of official contract addresses to prevent further losses.
Impact on x402 Protocol: The x402 payment protocol, which had gained significant traction with over 932,000 transactions in its first week, faced a sudden halt due to the hack, highlighting the importance of safeguarding private keys and user vigilance.
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Technical Analysis for GPS
Technical Sentiment Analysis for GoPlus Security (GPS) As of , GoPlus Security (GPS) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for GPS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, GPS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
GoPlus Security (GPS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000301 | 0.00321 | 0.00599 | 0.0089 | 0.0117 | 0.0146 | 0.0174 |
| Fibonacci | 0.00321 | 0.00538 | 0.00672 | 0.0089 | 0.0111 | 0.0124 | 0.0146 |
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