On January 3, 2025, a blockchain security researcher, known as @lj1nu on X, uncovered a security flaw in one of Virtuals Protocol’s audited smart contracts.
@lj1nu reported the issue and the Virtuals protocol quickly patched the bug. However, the user He learned that the company did not have any active bug bounty programs.which left the discovery unrewarded.
Additionally, the blockchain company focused on artificial intelligence (AI) closed its dedicated Discord channel to report such vulnerabilities.
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Later, @lj1nu shared the details about X, warning about the potential impact of the vulnerability on the Virtuals Protocol ecosystem.
the user expressed concern about the company’s approach to security, indicating“The vulnerability is simple and can affect the Virtuals ecosystem (but Virtuals probably doesn’t care about security).”
Virtuals Protocol reached out to @lj1nu and assured the user that the company reviewed the severity of the vulnerability and promised a bug bounty. However, no specific amount has been announced yet.
in a mail on X, Virtuals Protocol thanked @lj1nu for reporting the issue. They said: “Thank you @lj1nu for letting us know about this – a patch has been released.” The company also added that they are working on a bug bounty program and will announce details soon.
Meanwhile, a large-scale crypto investor recently made a substantial profit by investing in the Virtuals Protocol (VIRTUAL) token. How much did they earn? Read the full story.
Having completed a master’s degree in Economics, Politics and Cultures of the East Asian region, Aaron has written scientific articles analyzing the differences between Western and collective forms of capitalism in the post-World War II era.
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