Update on $BIL: We have decided it is in our best interest to not relaunch the BIL project. With that being said, your tokens aren't worthless. We will re-enable trading on these very soon. We will also provide a direct exchange so users can exchange BIL for MicroDAO tokens in the coming weeks.
This project was originally brought to us by the team at Plug. After the exploit, there doesn't seem to be much appetite for continuing the project from Plug team and us. We have decided it is in our best interest to move on from it.
We feel this is the best way to return lost value to our users and we apologize again for the mishap. Windoge98 will come back bigger, better, and stronger than before!
Initial findings for BIL:
Hacker identified & used a vulnerability in balance check comparison.
Both pending balance (in mempool) and available balance were stored on the ledger as a u64.
Unfortunately what the development team did not expect is that in case of overflow, execution was not terminated due to overflow. Instead, it continued with casted value, that was significantly lower.
Sequence of events:
1. User with principal paijc-oh6in-qwdeu-3jehh-z43dh-2tmyp-zyg5i-ebqty-rnco6-gtrzp-iqe did mine a block and was awwarded 600 iBIL
2. User has created a transaction to convert 200 iBIL to bill
3. 20_000_000_000 was recorded as pending balance
4. User created transaction with value 18446744063709551615 - to minter
5. While comparing available balance sum operation was performed (20_000_000_000 + 18446744063709551615), which ended up in u64 overflow and value casting to 9999999999, which was less than his available balance 40000000000, therefore validation has passed, block was mined and BIL was minted
The canister is currently not live, a patch is being deployed for the fix and the hacker’s remaining balance will be burned. At this point, canister will go live again.
“So $EXE is burned in order to architect your miner then you top up & adjust your hash rate to a number of different speeds to achieve the ultimate miner for yourself.”
$BiL ⚡️ $ICP
To find the estimated date for the next $BIL halving:
- **Blocks Until Halving**: 13,663
- **Average Block Time**: About 200 seconds
**Estimate**:
- 13,663 blocks * 200 seconds = 2,732,600 seconds
- Divide by 86,400 (seconds in a day) ≈ 31.63 days
So, the next halving is roughly **32 days** from now. $ICP
NEW Proof of Work Token $BIL | 100x potential on #ICP@BIL_ICP 📈
Today we have a look at a new proof of work token on $ICP
We explore how to mine it, how to buy it, and why I'm bullish on it.
0:00 Intro
0:37 $BIL Website
1:28 Buying $EXE
2:22 Deploying a $BIL miner
3:23 Buying $BIL tokens on Kong Swap
3:43 BIL Chart
4:00 Referencing this video in the future
4:28 Why I'm super bullish on BIL