The world’s first digital asset tracking challenge ‘SCAN 2024’ will hold its second qualifier online on October 19th. The finals and award ceremony will take place in Seoul on November 22nd. The total prize pool is 2 BTC, making it the largest prize pool among hackathons in Korea.
The challenge is jointly hosted by digital asset information company DAsset, cybersecurity company Theori(ChainLight), and the Digital Asset Policy Forum. It aims to strengthen digital asset tracking and security capabilities by bringing together global security experts to solve a variety of challenges and showcase their skills. The event seeks to enhance transparency and security within the digital asset economy, ultimately contributing to the prevention of financial crime and increasing public trust.
The challenge proceeds through two qualifiers, with the first having been completed on July 30. The second qualifier will be held online on October 19, with the top 8 teams from each round advancing to the finals. Special guests include the Korean National Police Agency’s ‘Folice Dark Army’ team, which earned the highest score in the first qualifier, and the Brazilian Federal Police’s ‘BlockBustersBR’ team, participating through INTERPOL’s GLACY program. A total of 18 teams will compete in the finals.
The GLACY program is an initiative led by the Council of Europe to enhance cyber investigation capabilities for new member countries of the Budapest Convention on Cybercrime. The participation of the Korean National Police Agency and INTERPOL highlights the international cooperation in digital asset security for this event.
SCAN 2024 will be conducted in a ‘Capture The Flag (CTF)’ format, where participants solve complex digital asset tracking challenges to earn points. The winning team of the finals will receive 1 BTC, the runner-up will receive 0.5 BTC, and 0.5 BTC will be distributed proportionally among teams placing 3rd to 8th. In addition, prizes include a one-year license for Blockchain Intelligence Group’s digital asset tracking solution ‘QLUE’ and access to the ‘CCI’ training module.
Yoo Shin-jae, Co-CEO of DAsset said, “On July 19th, the Virtual Asset User Protection Act was implemented in Korea. Similarly, 2024 marks an important year as many countries around the world are introducing digital asset-related laws and regulations. We hope SCAN 2024 will serve as an opportunity to verify the capabilities of the ecosystem for building a safe and transparent digital economy, and to establish a network of experts.”
For more information and to register, visit the official website and the second qualifier registration page.
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