Coinbase-Backed x402 Tokens Face Security Crisis as GoPlus Reports Critical Vulnerabilities

The x402 ecosystem, a protocol inspired by the HTTP 402 status code and supported by major players like Coinbase and Google, is under scrutiny after GoPlus Security uncovered severe vulnerabilities in its early tokens. Designed to enable small payments without intermediaries, x402's rapid growth has been marred by exploits affecting hundreds of users. This development raises urgent concerns about the security of emerging payment protocols in the crypto space.

GoPlus Issues Urgent Warning on x402 Tokens as Exploits Hit Hundreds of Users

Security concerns are mounting around the x402 ecosystem, a rapidly growing protocol inspired by the HTTP 402 status code. Designed to facilitate small payments without traditional intermediaries, x402 has attracted backing from industry giants like Coinbase and Google. Yet its swift expansion has come at a cost.

GoPlus Security's latest report reveals alarming vulnerabilities in early x402 tokens. Unlimited minting functions, excessive developer controls, and signature-replay flaws create ripe conditions for exploitation. These aren't hypothetical risks—attackers have already begun draining wallets through reused approvals.

The protocol's meme-token proliferation mirrors patterns seen in previous security disasters. While x402's promise of frictionless micropayments continues drawing interest, its current technical debt threatens to undermine the project before achieving mainstream adoption.

Top Cryptos Under $1 to Buy in 2025: Based Eggman, Bitcoin Hyper & BlockchainFX Beta Picks

Savvy investors are turning their attention to micro-cap tokens priced under $1 as the 2025 crypto market struggles to maintain bullish momentum. These low-cost assets, including Based Eggman, Bitcoin Hyper, and BlockchainFX, offer explosive upside potential, particularly for those seeking the next 100X opportunity or a coin poised to break the $1 barrier.

Affordability and agility define this segment, but the real value lies in projects with innovative utility, strong communities, and transparent teams. Based Eggman stands out as a premier presale contender, leveraging Coinbase's Base L2 for low fees and fast transactions—a stark contrast to fleeting meme tokens.