StyleKandi
The First Grey Hat Hackers Hackathon Gets Hacked, Hacker Presents DeFi Solution to Curb Money Laundering on DEXs

The First Grey Hat Hackers Hackathon Gets Hacked, Hacker Presents DeFi Solution to Curb Money Laundering on DEXs

Hacken, a outstanding cybersecurity, blockchain and cryptocurrency group is organizing the First Grey Hat Hackers Idea Competition the place hackers and laptop fans can submit their concepts to detect and counter vulnerabilities in crypto and DeFi tasks. The hackathon affords Grey Hat hackers a chance to implement their concepts with the help of the Hacken group as authentic White Hat hackers.

Starting Jan 19, 2021, Hacken group began accepting submissions of concepts for the hackathon on its web site. As functions steadily began pouring in, somebody discovered an revolutionary strategy to submit their software, which concerned hacking into the web site and posting a message containing details about their thought for the hackathon.

Message (above) left by hackers on the First Grey Hat Hackers Hackathon web site

The message left by the hackers on the web site mentioned that the location has been hacked, and so they thought that by hacking into the web site to submit their thought, they stood a greater likelihood of successful the competition. These revolutionary candidates plan to develop a challenge that makes use of Artificial Intelligence and Machine Learning to safe DeFi tasks constructed on Ethereum and Polkadot. As part of this challenge, they intend to create a worldwide on-chain database of wallets holding illicit funds in order that the DeFi options can fight cash laundering.

Read More:  BTC Reaches a Whopping $40,000, Industry Exec Says ‘Bitcoin Rises in the Eye of a Perfect Storm’

Following the hack, Hacken’s group labored together with its group to revive entry to the web site. Meanwhile, Hacken’s CEO Dyma Budorin acknowledged the distinctive software submitted by the hackers saying:

“We have helped our group restore the work of the location. That has not been a typical hacking. The hackers have determined to current themselves and apply for participation within the hackathon in such a means. We have contacted them to make clear the challenge’s particulars. Although we don’t help hackings, the challenge in query devotes consideration. We recommend that the challenge has the potential to have an effect on the additional growth of the DeFi market.”

1611947495 202 The First Grey Hat Hackers Hackathon Gets Hacked Hacker Presents

Hacken additionally confirmed that every one functions acquired until the incident are intact, and they are going to be reviewed as per the usual process. Applications for the First Grey Hat Hackers Ideas Competition might be open until Jan 31, adopted by the announcement of shortlisted concepts on Feb 3, 2021.

Read More:  This Litecoin Fractal Says Time Is Running Out To Accumulate At Low Prices

1611947495 976 The First Grey Hat Hackers Hackathon Gets Hacked Hacker Presents

 

The successful group will obtain a reward of 600,000 HAI, whereas the second and third place will get 300,000 HAI and 100,000 HAI, respectively. A particular prize of 5000 USDT can be within the providing. Participate within the Grey Hat Hackers Idea Competition at – https://ihktn.com/

 

Image by Ryan McGuire from Pixabay

EditorialTeam

Add comment