Virtuals Protocol has identified issues with migrated tokens, where some tokens were mintable, allowing creators to mint additional tokens and sell them into the liquidity pool. To address this, Virtuals is integrating an audit service to filter out fraudulent tokens. During this integration, the token migration function is temporarily disabled to protect users.

PANews reported on January 17 that Virtuals Protocol posted on the X platform: “We have noticed issues involving migrated tokens on Virtuals. Several tokens migrated earlier today were mintable, so the creators were able to mint more tokens and sell them into the liquidity pool created on Virtuals. To better protect our users, we are integrating an audit service to filter out scam tokens being migrated. Until the integration is complete, the token migration function is temporarily disabled. Please be safe.”

Virtuals Protocol Temporarily Disables Token Migration to Integrate Audit Service for Fraud Prevention