On January 3, 2025, a blockchain security researcher, known as @lj1nu on X, discovered a security flaw in one of Virtuals Protocol’s audited smart contracts.
@lj1nu reported the issue, and Virtuals Protocol quickly patched the bug. However, the user learned that the company had no active bug bounty program, which left the discovery without a reward.
Moreover, the artificial intelligence (AI) focused blockchain company closed its dedicated Discord channel for reporting such vulnerabilities.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is Staking Crypto? (Rewards & Risks Explained SIMPLY)
Later on, @lj1nu shared the details on X, warning about the potential impact of the vulnerability on Virtuals Protocol’s ecosystem.
The user expressed concerns about the company’s approach to security, stating, “The vulnerability is simple and can impact the Virtuals ecosystem (but Virtuals probably doesn’t care about security)”.
Virtuals Protocol reached out to @lj1nu, assuring the user that the company would review the severity of the vulnerability and promised a bug bounty reward. However, no specific amount has been announced yet.
In a post on X, Virtuals Protocol thanked @lj1nu for reporting the issue. They stated, “Thank you @lj1nu for bringing this to our attention – a patch has been pushed”. The company also added that they are working on a bug bounty program and will announce the details soon.
Meanwhile, a large-scale crypto investor recently secured a substantial profit from 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 Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
