Verify a decision

{"actor":"system:backfill","investigation_id":"422ed46b-ac77-43f7-a2f6-63c1fb503dcc","kind":"publish","page_slug":"prxvt","published_at":"2026-05-29T02:35:05.852Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"PRXVT","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coingecko.com/en/coins/prxvt-by-virtuals","type":"other","url":""},{"credibility":3,"name":"https://basescan.org/token/0xc2ff2e5aa9023b1bb688178a4a547212f4614bc0","type":"other","url":""},{"credibility":3,"name":"https://web3.bitget.com/en/swap/base/0xC2FF2E5aa9023b1bb688178a4a547212f4614bc0","type":"other","url":""},{"credibility":3,"name":"https://messari.io/project/prxvt-by-virtuals","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://github.com/SunWeb3Sec/DeFiHackLabs/blob/main/src/test/2026-01/PRXVT_exp.sol","type":"other","url":""},{"credibility":3,"name":"https://blockthreat.com/blockthreat-week-1-2026/","type":"other","url":""},{"credibility":3,"name":"https://x.com/AndreaPN/status/2006741203480621182","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://x.com/evansWeb3Dev/status/2006732832228471156","type":"other","url":""},{"credibility":3,"name":"https://x.com/ethermage/status/2006940832604237882","type":"other","url":""},{"credibility":3,"name":"https://www.chaincatcher.com/en/article/2160162","type":"other","url":""},{"credibility":3,"name":"https://x.com/AndreaPN/status/2006741203480621182","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://blockthreat.com/blockthreat-week-1-2026/","type":"other","url":""},{"credibility":3,"name":"https://en.wikipedia.org/wiki/ZachXBT","type":"other","url":""},{"credibility":3,"name":"https://x.com/AndreaPN/status/2006741203480621182","type":"other","url":""},{"credibility":3,"name":"https://whitepaper.virtuals.io/info-hub/security/security-audit-reports","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://basescan.org/token/0xc2ff2e5aa9023b1bb688178a4a547212f4614bc0","type":"other","url":""},{"credibility":3,"name":"https://basescan.org/address/0x4b5d32a07b8d3ec5d6928caa30196f8dd6a7c5a9","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/en/coins/prxvt-by-virtuals","type":"other","url":""},{"credibility":3,"name":"https://www.geckoterminal.com/base/pools/0xacad49114f03e0d24bd79abf206ac9523d726fde","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.mexc.com/price/prxvt-by-virtuals/info","type":"other","url":""},{"credibility":3,"name":"https://www.lbank.com/price/prxvt-by-virtuals/what-is","type":"other","url":""},{"credibility":3,"name":"https://holder.io/coins/prxvt/","type":"other","url":""},{"credibility":3,"name":"https://www.coincarp.com/currencies/prxvt-by-virtuals/","type":"other","url":""}]}],"sources_used":[],"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.","timeline":[{"date":"2025-12-01","event":"PRXVT token launches on Base via Virtuals Protocol launchpad, reaching an all-time high of approximately $0.009 during December 2025.","source":""},{"date":"2026-01-01","event":"Suspected Virtuals Protocol address withdraws 4 million VIRTUAL from LP wallet and deposits 1 million VIRTUAL (~$4.07M) into Bybit, per ChainCatcher/Arkham data.","source":""},{"date":"2026-01-05","event":"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.","source":""},{"date":"2026-01-05","event":"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.","source":""},{"date":"2026-01-06","event":"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.","source":""},{"date":"2026-01-07","event":"BlockThreat Week 1 2026 newsletter catalogues the PRXVT staking exploit alongside other incidents, including Unleash Protocol and Valinity. Full post-mortem details are paywalled.","source":""},{"date":"2026-01-10","event":"DeFiHackLabs publishes a Foundry-based proof-of-concept reproduction of the PRXVT staking exploit (PRXVT_exp.sol) in its 2026-01 directory.","source":""},{"date":"2026-01-01","event":"PRXVT migrates from original token contract (0xc2ff2e5a...) to new contract (0x4b5d32a0...) on Base Mainnet following the exploit.","source":""},{"date":"2026-05-28","event":"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.","source":""}]},"v":1}