[ANN] iBITS - Internet Currency - Blockchain Registry & Attestation

[iBITS]

Greetings All

As you all know, we were hit with an exploit yesterday which allowed a malicious attacker to create a stake reward of 15 Million Coins.

Thankfully, Bittrex have systems in place to check for such anomalies and the market was closed whilst we work out the bug and fix the issue.

We have now corrected this issue which we believe was left in the code from the code base we started with.

To be on the correct chain, you must download the new client version 1.0.0.2 which can be found https://www.dropbox.com/s/pk8pg4n3bap33xz/windows-ibits-qt-1.0.0.2.zip?dl=0

You must delete everything in the app data folder apart from wallet.dat, and then start the new client and allow it to sync up.

Once sync'd you will be on the good chain.

Linux QT update is  coming shortly.

For those running the coin daemon, the Github has been updated to reflect the update and the same process is required. (keep wallet.dat, delete everything else, recompile then run)

Again, on behalf of the ibits team, we apologize for the turbulent start, and we hope our next update will not be a fix but rather a progressive update.

Trading should go live shortly when bittrex update their client.

Any questions do feel free to ask.

Thanks

[TheAstronomer]

Greetings All

As you all know, we were hit with an exploit yesterday which allowed a malicious attacker to create a stake reward of 15 Million Coins.

Thankfully, Bittrex have systems in place to check for such anomalies and the market was closed whilst we work out the bug and fix the issue.

We have now corrected this issue which we believe was left in the code from the code base we started with.

To be on the correct chain, you must download the new client version 1.0.0.2 which can be found https://www.dropbox.com/s/pk8pg4n3bap33xz/windows-ibits-qt-1.0.0.2.zip?dl=0

You must delete everything in the app data folder apart from wallet.dat, and then start the new client and allow it to sync up.

Once sync'd you will be on the good chain.

Linux QT update is  coming shortly.

For those running the coin daemon, the Github has been updated to reflect the update and the same process is required. (keep wallet.dat, delete everything else, recompile then run)

Again, on behalf of the ibits team, we apologize for the turbulent start, and we hope our next update will not be a fix but rather a progressive update.

Trading should go live shortly when bittrex update their client.

Any questions do feel free to ask.

Thanks

You guys are great, I knew you would restore confidence in the market! To the moon!

[hunterwolf]

Greetings All

As you all know, we were hit with an exploit yesterday which allowed a malicious attacker to create a stake reward of 15 Million Coins.

Thankfully, Bittrex have systems in place to check for such anomalies and the market was closed whilst we work out the bug and fix the issue.

We have now corrected this issue which we believe was left in the code from the code base we started with.

To be on the correct chain, you must download the new client version 1.0.0.2 which can be found https://www.dropbox.com/s/pk8pg4n3bap33xz/windows-ibits-qt-1.0.0.2.zip?dl=0

You must delete everything in the app data folder apart from wallet.dat, and then start the new client and allow it to sync up.

Once sync'd you will be on the good chain.

Linux QT update is  coming shortly.

For those running the coin daemon, the Github has been updated to reflect the update and the same process is required. (keep wallet.dat, delete everything else, recompile then run)

Again, on behalf of the ibits team, we apologize for the turbulent start, and we hope our next update will not be a fix but rather a progressive update.

Trading should go live shortly when bittrex update their client.

Any questions do feel free to ask.

Thanks

It was posted more than 6 hours ago. when to trade start or not ?
dou you have any news from bittrex ?

[iBITS]

Greetings All

As you all know, we were hit with an exploit yesterday which allowed a malicious attacker to create a stake reward of 15 Million Coins.

Thankfully, Bittrex have systems in place to check for such anomalies and the market was closed whilst we work out the bug and fix the issue.

We have now corrected this issue which we believe was left in the code from the code base we started with.

To be on the correct chain, you must download the new client version 1.0.0.2 which can be found https://www.dropbox.com/s/pk8pg4n3bap33xz/windows-ibits-qt-1.0.0.2.zip?dl=0

You must delete everything in the app data folder apart from wallet.dat, and then start the new client and allow it to sync up.

Once sync'd you will be on the good chain.

Linux QT update is  coming shortly.

For those running the coin daemon, the Github has been updated to reflect the update and the same process is required. (keep wallet.dat, delete everything else, recompile then run)

Again, on behalf of the ibits team, we apologize for the turbulent start, and we hope our next update will not be a fix but rather a progressive update.

Trading should go live shortly when bittrex update their client.

Any questions do feel free to ask.

Thanks

It was posted more than 6 hours ago. when to trade start or not ?
dou you have any news from bittrex ?

I appreciate your concern, but I assure you, that Bittrex will update and open up the market live as soon as possible. This will likely be later on tonight.

[hunterwolf]

It was posted more than 6 hours ago. when to trade start or not ?
dou you have any news from bittrex ?

I appreciate your concern, but I assure you, that Bittrex will update and open up the market live as soon as possible. This will likely be later on tonight.

thx for quick response.

[Skatebird]

My god, this is so long !!!

[Coingrab]

Will this completely fix this issue? Are there any other possible exploits that may be hidden?

[iBITS]

My god, this is so long !!!

Apologies, obviously we can't force Bittrex to speed up the process. What we have done is issued our fix, and communicated this to them in the fastest time possible.
The rest is down to Bittrex to update and reopen the market.

[iBITS]

Will this completely fix this issue? Are there any other possible exploits that may be hidden?

The issue can be considered completely fixed. We have asked independent code reviewers to go over the code to ensure that other exploits do not exist. This is in addition to the standard code review that Bittrex conduct. Obviously, in time, other exploits may be discovered but as always, we will make sure that we patch things if they happen.

However, we are confident that this latest patch does bring our security up to the level of any other leading currencies and in addition to this, we have also decided to bring a security expert to the team who will assess potential security flaws and attack vectors as we issue further updates. It is still a learning process for us, but we are committed to maintaining integrity to the system.

[Coingrab]

Good to hear dev. Timely fixes are in fact needed in a good coin.

[lord crypto]

bittrex on line

low prices   

[TheAstronomer]

bittrex on line

low prices   

Not gonna stay this low very long. These coins are valued at 1$ per coin. This coin has some of the best tech of any altcoin released this year.

[Skatebird]

bittrex on line

low prices   

Not gonna stay this low very long. These coins are valued at 1$ per coin. This coin has some of the best tech of any altcoin released this year.

Ohh yeah and why ?!

[lord crypto]

teck ok
the price is very low

but after exploit there is no trust

I also do not know how many coins there are and if this coin is really safe

[DefendKebab]

bittrex on line

low prices   

Not gonna stay this low very long. These coins are valued at 1$ per coin. This coin has some of the best tech of any altcoin released this year.

1 dollar each, its very cheap now.

[iqlimasyadiqa]

bittrex on line

low prices   

Not gonna stay this low very long. These coins are valued at 1$ per coin. This coin has some of the best tech of any altcoin released this year.

1 dollar each, its very cheap now.

if I have this coin in large quantities may be different story. I would be rich sir 

[DefendKebab]

if I have this coin in large quantities may be different story. I would be rich sir 

If you have large quantities you can quit working.

[Penn.3D]

I don't normally do this but I just bought .7 btc worth of ibits at 350 sat. If this coin even gets back to a FRACTION of what it was worth just a few days ago, anyone who buys now will make an absolute killing! Plus from what I can tell the devs seem sincere and competant so LET'S DO THIS

[langvad]

I don't normally do this but I just bought .7 btc worth of ibits at 350 sat. If this coin even gets back to a FRACTION of what it was worth just a few days ago, anyone who buys now will make an absolute killing! Plus from what I can tell the devs seem sincere and competant so LET'S DO THIS

+1 I am with u, definitley worth the risk at these prices

[keesdewit]

I don't normally do this but I just bought .7 btc worth of ibits at 350 sat. If this coin even gets back to a FRACTION of what it was worth just a few days ago, anyone who buys now will make an absolute killing! Plus from what I can tell the devs seem sincere and competant so LET'S DO THIS

+1 I am with u, definitley worth the risk at these prices

I also bought some. Lets win a lot or lose all.