Addressing the $BIL token on $ICP going to 0

Watch it on YouTube:

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Thanks for the coverage @BlockchainPill, we're down but not out. It's just as much my fault as @luke_icp. I got excited about the project and in my excitement became reckless. I should have been more careful and had the code audited. But, hindsight is 20/20. We're working to get BIL back up and restored to its pre-hack state with liquidity. On a positive note, the $EXE distribution looks a lot better with 2 big whales gone and $BIL did burn over 30k EXE so far.

The $BiL token is getting reissued. The exploit was already addressed. New canister was already created. My tokens are there before the exploit. Now we are just waiting for the LPs to get restored. I believe they had DFINITY’s help on this so it looks like mining should resume by weeks end or latest next week! $ICP

Just to clarify the Lp was never removed (rugpull) the exploiter minted an infinite amount of supply and sold it into the lp draining it of ICP. Once the exploit was found Icpswap and Kong teams suspended trading to prevent people from buying and giving the exploiter more ICP.

Thanks for the clarification!

Appreciate the video! Something to be learned with every loss. Big ups to u for facing the music. Risk management and due diligence isn’t a bullet proof standard anyways. Keep the videos coming, win some lose some, rooting for a home run on the next one! $ICP $Bil

Thanks for covering the interesting projects on $ICP. Not your fault at all for covering BIL. Everyone has to dyor ultimately. BIL devs learned that Open-source code is nice to have, but when it it's unaudited hackers can more easily find exploits as compared to closed source.

before vs now 😛

I suppose there's a positive. It's only up from here

wow