The world's first cryptocurrency tracking competition will be held in South Korea on September 5th! The championship prize is 1 BTC

This website (120btC.coM): While the development of blockchain technology is accelerating and bringing a new revolution to the financial market, some malicious people also choose to use encryption technology to launder money and commit fraud in an attempt to evade supervision. In order to combat these illegal activities, more and more professional cryptocurrency flow tracking tools and analysts have emerged to help trace criminal funds and achieve regulatory compliance needs.

Interestingly, in September this year, the first virtual asset tracking competition was hosted by the Korean National Security Technology Research Institute, the Korean Information Security Association (the largest academic group in the field of information security and cryptography in South Korea), and the Digital Asset Exchange Association (DAXA) "SCAN 2024" will be held in Seoul.

According to the official statement, the total prize of this competition is as high as 2 BTC.

The online preliminaries will be held on 7/30

According to the official website information, there are no special qualification restrictions for this event. Up to four people are allowed to form a team to participate, and a 24-hour online preliminary round will be held at 8 a.m. Beijing time on July 30. The top eight teams with the best performance will advance to the finals.

Officially, the top scoring teams from GLACY project countries and cybercrime investigators from the Korean National Police Agency (KNPA) will also participate in the finals as special guests. Officials said: This will be a unique opportunity for civilian teams to test their skills against some of the best law enforcement professionals in the field of digital asset tracking.

But here I want to make a point of ridicule. Even formal law enforcement officers may be better at tracking the flow of funds with cryptocurrencies than the private sector.

GLACY is a program aimed at improving the capabilities of new countries that have joined the "Budapest Convention" to combat cybercrime. Led by the European Commission, the program provides technical support, training and policy advice to enhance the cybercrime investigation and trial capabilities of these countries, thereby more effectively combating cybercrime.

The competition topics include: Bitcoin, EVM chain (Ethereum, Tron)..

The competition method adopts the Capture The Flag (CTF capture the flag) mode. Participants need to answer a series of professional questions to track digital assets in order to Get the flag and strive for the highest score.

Officially pointed out that this series of issues includes but is not limited to: Bitcoin network (UTXO), EVM chain (Ethereum, Tron) and necessary investigation skills, such as encryption functions, transaction tracking, reverse engineering and programming, etc.

The champion will be rewarded with 1 BTC

It is understood that the teams that advance to the finals will compete for a total prize pool of 2 BTC: the champion will receive a reward of 1 BTC, the runner-up will receive 0.5 BTC, and the third to eighth place will be divided among them. There are 0.5 BTC left, as shown in the picture below.

In addition, the winner will also receive a one-year right to use the virtual asset tracking solution QLUE provided by the sponsor Blockchain Intelligence Group, and the virtual asset tracking education module CCI.

I believe readers will see many people in the community who are good at using tools to track the flow of funds (such as on-chain detective ZachXBT), or maybe you are an expert in analyzing the flow of funds and want to know more rules and related registration procedures. , you can go to the SCAN 2024 official website to check it yourself.

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