Summary
PRXVT (ticker: PRXVT) is a privacy-focused AI-agent token launched on the Base blockchain via the Virtuals Protocol launchpad. The project markets itself as the governance and utility token for px402, an alleged zero-knowledge payment SDK designed to enable anonymous USDC transactions for autonomous AI agents. In early January 2026 the project's staking contract was exploited via a reward-claiming vulnerability, causing the token price to crash to an all-time low and prompting a contested emergency removal of a liquidity pool that was publicly represented as locked for ten years.
Connected Entities
1 entitiesTimeline(9 events)
2025-12-01
PRXVT token launches on Base via Virtuals Protocol launchpad, reaching an all-time high of approximately $0.009 during December 2025.
2026-01-01
Suspected Virtuals Protocol address withdraws 4 million VIRTUAL from LP wallet and deposits 1 million VIRTUAL (~$4.07M) into Bybit, per ChainCatcher/Arkham data.
2026-01-05
PRXVT staking contract (stPRXVT) exploited via CREATE2-based reward claim vulnerability. Approximately 32.8 ETH is drained. Token price crashes to an all-time low near $0.000034. Team pauses staking and triggers emergency LP removal.
2026-01-05
PRXVT/VIRTUAL liquidity pool removed from Virtuals Protocol, triggering community debate about the ten-year LP lock guarantee and whether the escape hatch sets a problematic precedent.
2026-01-06
PRXVT team (@PRXVTai) publicly commits to compensate holders affected by the exploit, including users who held leveraged positions via Wasabi Protocol at the time of LP removal.
2026-01-07
BlockThreat Week 1 2026 newsletter catalogues the PRXVT staking exploit alongside other incidents, including Unleash Protocol and Valinity. Full post-mortem details are paywalled.
2026-01-10
DeFiHackLabs publishes a Foundry-based proof-of-concept reproduction of the PRXVT staking exploit (PRXVT_exp.sol) in its 2026-01 directory.
2026-01-01
PRXVT migrates from original token contract (0xc2ff2e5a...) to new contract (0x4b5d32a0...) on Base Mainnet following the exploit.
2026-05-28
PRXVT trading at approximately $0.0018, with a market cap near $1.1 million USD and daily volume near $43,000. ZachXBT flag on the project is noted in AVOID.NET records.
Decision Log
- hash: GM7NepQBUTQ3uJBDgQdHvXa6LrgidQZheuTawB3WStjW
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:19 AM
last updated: 5/29/2026, 2:35:05 AM
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