He watched the virtual stack. The VM was preparing a jump. It wasn't a jump to a fixed address; it was a RET instruction using a value popped from the stack. This was the dispatcher's way of switching contexts.
Full, generic de-virtualization is currently infeasible. Successful reverse engineering is case-specific, labor-intensive, and relies on semantic analysis, execution tracing, or leveraging debugging vulnerabilities.
If you're looking to tackle VMProtect in a reverse engineering project, here is a breakdown of the architecture, the challenges, and the modern toolkit for de-virtualization. 1. Understanding the Architecture
Imagine a simple check: if (password == "Secret123") print("Good"); else print("Bad");