According to BlockBeats, SlowMist founder Yu Jian reported on social media that the ownership of the 402bridge contract has been altered, potentially due to a stolen private key. However, the possibility of insider involvement has not been ruled out, although this does not imply collective wrongdoing by the project team, as it is not a typical rug pull. The service, 402bridge.fun, which was registered just two days ago, has already ceased operations. Subsequently, a 'hacker' exploited the situation to steal USDC from users who had authorized this bridge contract. This incident marks the first publicly reported theft related to the 402 protocol services.