Virtuals Protocol Fixes Bug in Smart Contract, VIRTUAL Price Up 153%
AI agents blockchain platform Virtuals Protocol #VIRTUAL identified a bug in an audited smart contract and implemented a fix while restarting its bug bounty program.
On December 3, security researcher Jinu contacted the Virtuals Protocol team after discovering the bug. Jinu noted the absence of an active bug bounty program that would reward him for reporting the issue. He also mentioned that the Discord Group established for reporting vulnerabilities had been closed. In a thread on the X platform, Jinu stated:
“The vulnerability is simple and can impact the virtuals ecosystem (but virtuals probably doesn’t care about security).”
The vulnerability was related to insufficient validation during the creation of AgentTokens tied to the internal bond threshold. Jinu explained that exploitation could have halted AgentToken generation until a fix was applied.
Following Jinu's disclosure, Virtuals Protocol contacted him and issued a prompt fix. Although the vulnerability was resolved, a bounty reward for Jinu has not yet been announced. The company expressed appreciation for his report and apologized for prior miscommunication, stating:
“Hey jinu we have verified the vulnerability and applied a patch below. Thank you for bringing this up to us and we apologise for the miscommunication between support and yourself. Let us internally review the severity of the issue and we will issue you a bug bounty shortly.”
VIRTUAL Price Recovery Soon?
Market analysts suggest that AI agents may attract investor interest moving into 2025. Virtuals Protocol (VIRTUAL) and ai16z have experienced significant rallies recently.
As of now, the VIRTUAL price has increased by 153% over the past month, trading at $4.28 with a market cap of $4.21 billion. However, the cryptocurrency has faced a downtrend after reaching highs above $5 last month.
The $4 level serves as strong support for the altcoin, which bulls must defend to avoid further price corrections.