6.12.0-rc4-1-MANJARO and virtualbox

In my case “kvm.enable_virt_at_load=0″ kernel parameter in GRUB worked

“In [Linux] kernel 6.12, KVM initializes virtualization on module 
loading by default. This prevents VirtualBox VMs from starting,” 
said the devs. “In order to avoid this, either add 
“kvm.enable_virt_at_load=0″ parameter
into kernel command line or unload the 
corresponding kvm_XXX module.”