The world’s first digital asset tracing competition, SCAN 2024, will be held in Seoul on September 5-6. With a total prize of 2 BTC, it boasts one of the largest prize pools compared to many major hacking competitions worldwide.

SCAN 2024 is hosted by D Asset Inc., the publisher of Korea’s leading crypto media outlet, Digital Asset. The event will bring together digital asset tracing experts from around the world, including law enforcement agencies such as the Korean National Police Agency.

The competition is supported by the National Security Research Institute, the Korea Institute of Information Security and Cryptology (the largest academic society in Korea in the fields of information security and cryptology), and the Digital Asset eXchange Association (DAXA). Dunamu, the operating company Upbit which is one of the world’s largest crypto exchanges, is the main sponsor of the event. Bonanza Factory, Korea’s leading digital asset compliance company, and Blockchain Intelligence Group, the developer of the digital asset tracing solution QLUE, are also sponsoring the event.

This event is expected to attract participation from white hat hackers, Web3 security experts, and cybercrime investigators worldwide. Teams of up to four members can compete. The online preliminary round, which will be held for 24 hours on July 30, will determine the top 8 teams to advance to the finals at Hotel Naru in Mapo-gu, Seoul, on September 5.