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XREX CISO Leads DeFiHackLabs To Victory at SCAN 2024, the World’s First Digital Asset Tracking Challenge

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SEOUL, South Korea, Nov. 28, 2024 /PRNewswire/ — DeFiHackLabs, a cutting-edge Web3 cybersecurity community backed by XREX Group and founded by its Chief Information Security Officer (CISO) Sun Huang, has taken first place at SCAN 2024, the world’s first digital asset tracking competition. The high-stakes event, which took place on November 22 in Seoul, brought together top teams of law enforcement professionals and cybersecurity experts to solve complex digital asset crime scenarios.

DeFiHackLabs demonstrated their superior blockchain analytical skills and teamwork, ultimately emerging victorious after a grueling final with the runner-up team, KAIST GoN, and saw them take home the prize of 1 Bitcoin (BTC).

The SCAN 2024 finals featured 16 teams that advanced from two preliminary rounds. Members from the Brazilian Federal Police, the Korean National Police Agency, and Taiwan’s Criminal Investigation Bureau joined other cybersecurity experts and enthusiasts in tackling scenarios based on real-world issues such as cryptocurrency scams, money laundering, and financial crimes using mixing tools like Tornado Cash. The event tested participants’ ability to trace illicit financial transactions and uncover hidden digital assets using advanced forensic techniques.

“Participating in SCAN 2024 was a unique and exciting challenge for us,” said Sun Huang, the founder of DeFiHackLabs and CISO of XREX. “As cybersecurity professionals, we have participated in Capture The Flag (CTF) challenges before, but this is the first time we’ve competed in a challenge focused specifically on tracking digital assets. Winning SCAN 2024 is a significant achievement for our community, and it reflects the hard work XREX and DeFiHackLabs put into understanding and combating the emerging threats in the digital asset space.”

According to blockchain intelligence company TRM Labs, hackers had stolen more than $1.38 billion worth of crypto in the first half of 2024, compared with $657 million in the same period in 2023.

Wayne Huang, Co-founder and Group CEO of XREX, emphasized the importance of the industry’s commitment to advancing digital asset security. “The digital asset space is rapidly evolving, and with that growth comes new threats. At XREX, cybersecurity has been in our DNA since Day 1, and we are proud to support Sun in leading the charge in building a global Web3 cybersecurity community with DeFiHackLabs. XREX will continue to drive innovation and security solutions for the digital economy.”

SCAN 2024 was organized to enhance cybersecurity and investigative capabilities related to digital assets. Digital asset information company DAsset co-hosted the challenge with cybersecurity firm Theori (ChainLight), and the Digital Asset Policy Forum.

Juno Im, Head of the CTF challenge committee, commented, “I believe DeFiHackLabs’ expertise and leadership in the Web3 security community were key to their success in winning the SCAN CTF 2024 final. Their impressive performance in solving the challenges as intended is commendable. Congratulations on a well-deserved victory, and I look forward to their continued contributions to Web3 security.”

About DeFiHackLabs

DeFiHackLabs is a cybersecurity community founded by Sun Huang, CISO of XREX, and a prominent member in the field of digital asset tracking and forensics. With a focus on blockchain security, DeFiHackLabs provides its community members with tools and resources for building better Web3 products. Their DeFi hack analysis continuously keeps track of major security incidents in the Web3 industry, helping developers learn and avoid security flaws. DeFiHackLabs boasts a community size of more than 4000 members and 292 white-hat hackers worldwide.

About XREX Group

XREX Group is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. We provide services to businesses in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide.

Founded in 2018, XREX offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, asset management, and fiat currency on-off ramps.

Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education.

XREX Singapore operates under the Major Payments Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). XREX Taiwan completed its Compliance Statements on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) with Taiwan’s Financial Supervisory Commission (FSC) in March 2022 and is a regulated VASP.

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SOURCE XREX Inc.

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Starlink Program | CoinEx Charity Deploys the First Starlink Unit to the Philippines

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HONG KONG, Nov. 27, 2024 /PRNewswire/ — CoinEx Charity has successfully deployed the first Starlink satellite internet in the Philippines, marking a major milestone in connecting underserved communities to the digital world.

Starlink Program, the flagship project of CoinEx Charity’s “Bridget to Hope” initiative, aims to bridge the digital divide by providing high-speed satellite internet to remote areas. This project empowers communities by improving access to education, economic opportunities, essential government services, and even crypto adoption.

(Click the video to learn more about:CoinEx Charity Launches First Starlink Unit in the Philippines

First Deployment: Municipality of EB Magalona, Negros Occidental

On November 22, the Municipality of EB Magalona, located approximately 320 miles from Manila, became the first recipient of Starlink equipment in the Philippines. The deployment was marked by the signing of the Deed of Donation and Deployment, led by Mayor Marvin Malacon and witnessed by the Municipal Secretary, the IT Department Head, and CoinEx Charity community volunteers.

Beyond Connectivity

During the handover, Mayor Malacon extended an invitation to CoinEx Charity to conduct educational seminars about the benefits and opportunities within the digital industry. These sessions aim to raise awareness about how technology, including blockchain and cryptocurrency, can create lasting positive impacts for the municipality.

Empowering the Future

With Starlink now operational in EB Magalona, residents can expect improved internet access, fostering new opportunities for learning, business, and communication. This deployment is just the beginning of CoinEx Charity’s mission to enhance connectivity across rural Philippines, paving the way for more inclusive development.

CoinEx Charity is proud to be at the forefront of this transformative journey, bringing the promise of technology to every corner of the nation.

About CoinEx Charity

CoinEx Charity established in 2022, the non-profit organization of the global leading cryptocurrency platform CoinEx ecosystem, has been dedicated to making a difference in the world since its inception. With its mission,”Making the world a better place”, CoinEx Charity has been actively involved in various charitable activities around the globe, focusing on improving education, alleviating poverty, providing disaster relief and empowering communities.

To learn more about CoinEx Charity, visit: Website | Twitter | YouTube

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services,including spot and futures trading, margin trading, swap, automated market maker (AMM), and financial management services for over 10 million users across 200+ countries and regions. Since its establishment, CoinEx has steadfastly adhered to a “user-first” service principle. With the sincere intention of nurturing an equitable, respectful and secure crypto trading environment, CoinEx enables individuals with varying levels of experience to effortlessly access the world of cryptocurrency by offering easy-to-use products.

To learn more about CoinEx, visit: Website | Twitter | AppTelegram | LinkedIn | Facebook | Instagram | YouTube

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SOURCE CoinEx Global

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Sunmei Hotels Group Ventures into the UAE: SHANKEE to Open in Dubai

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QINGDAO, China, Nov. 28, 2024 /PRNewswire/ — On November 26, the China Hotel Overseas Investment Conference, hosted by Sunmei Hotels Group, was successfully held at Mövenpick by Accor Qingdao Sunmei. During the conference, Sunmei Hotels Group announced the establishment of Sunmei Group International (SGI) and launched three overseas core brands: SHANKEE, PENRO, and LANOU, marking a new chapter in the UAE market. Distinguished guests attending included Mr Budi Hansyah, Trade Attache of the Embassy of the Republic of Indonesia (KBRI Beijing), Mrs. Evita SANDA, Director of Indonesia Investment Promotion Center (IIPC) Beijing, and representative from Chamber of International Commerce of Kazakhstan.

Ma Yingyao, Chairman and CEO of Sunmei Hotels Group, has high hopes for the UAE market, stating that the country requires the presence of leading Chinese digital hotels. As a leading smart economy hotel brand, SHANKEE Hotel aims to bring China’s advanced hotel industry intelligence and warm hospitality to broader international markets. Currently, Sunmei Hotels Group’s signed SHANKEE Hotel Dubai Longcheng is about to open.

Zhang Gang, SVP of Sunmei Hotels Group and CEO of SGI, states that SGI is strategically focusing on cities like Dubai, Abu Dhabi, and Riyadh, which are pivotal to the economic and tourism growth in the Middle East. As of 2023, the average hotel occupancy rate in the UAE is 72%, with Dubai at 78% and Abu Dhabi at 75%. The UAE hotel market has seen unprecedented growth due to substantial government investment in tourism and finance. For its overseas operations, the company sees potential in mergers & acquisition and brand co-creation alongside traditional models like direct operations and franchising.

Building on over a decade of digital and intelligent operational experience, SGI strategically focuses on four core competencies: “smart marketing platform, smart site selection and development, modular renovation, and intelligent operations”.

In operations, SGI empowers overseas hotels with a 57.63% guest contribution rate through the “Xinlimei” direct booking platform for hotel members; it uses big data and AI to precisely target prime locations; reduces construction time with modular renovation; and enhances service efficiency and quality through intelligent operation.

For users, it focuses on seamless check-in, smart spaces, and intelligent experiences, using room automation and smart robots to offer a next-generation smart accommodation experience globally.

Speaking about the overseas expansion plans for the next decade, The Group’s Chairman and CEO Ma Yingyao stated: “We are committed to steadily opening 100 hotels that earn twice the revenue of the Chinese market, rigorously managing 1,000 outstanding and high-quality hotels, covering 30 countries, and establishing an international image for Chinese brands.”

In recent years, the strong tourism demand, stable room rates, and high occupancy rates have made the UAE a focal point for global investors. SGI will continue to export its smart operational models and innovative service concepts, providing UAE consumers with superior, convenient, and personalized accommodation experiences, enhancing the overall service level of the UAE hotel industry, and further driving the growth of UAE tourism.

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View original content:https://www.prnewswire.co.uk/news-releases/sunmei-hotels-group-ventures-into-the-uae-shankee-to-open-in-dubai-302318033.html

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ACT21 Software Achieves Great Place To Work Certification

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NOIDA, India, Nov. 28, 2024 /PRNewswire/ — ACT21, a leading SaaS company reshaping BFSI tech with low-code, and AI-driven solutions is proud to announce that it has been awarded the esteemed Great Place To Work® Certification by the Great Place To Work® India.

This significant recognition underscores ACT21’s commitment to fostering an exceptional workplace culture that prioritizes innovation, agility, transparency, and employee well-being. The Certification reflects the genuine experiences and feedback of our employees, showcasing their positive perspective on what it means to work at ACT21. Over 93% of employees whole-heartedly attested to ACT21 being a Great Place To Work.

ACT21 believes in maintaining a healthy work-life balance, which helps employees stay motivated and engaged while pushing the boundaries of innovation. Winning the ‘Great Place To Work’ underscores ACT21’s ongoing commitment to building a supportive, inclusive, and growth-oriented culture. 

Pankaj Gupta, Founder and CEO of ACT21 Software, shared his thoughts on this remarkable achievement, saying, “At ACT21, we truly believe that our people are our greatest asset. We prioritize work-life balance, encourage open communication, and celebrate innovation across all levels of the company. This recognition is a testament to our collective effort in creating a workplace that fosters creativity, productivity, and happiness. Our focus on employee satisfaction directly translates into the excellence we deliver to our clients.” 

Receiving the ‘Great Place To Work’ Certification reinforces ACT21’s mission to lead by example in both workplace culture and industry innovation, ensuring that the company continues to excel in both employee satisfaction and client service. 

About ACT21 Software 

ACT21 Software, headquartered in Noida, NCR, India, is a leading SaaS company reshaping BFSI tech with low-code, and AI-driven solutions. We empower financial institutions worldwide with comprehensive Business Process Automation to enhance efficiency, streamline operations, and drive data-driven insights, all while minimizing human intervention. 

Our suite of innovative products includes HyPerform, which optimizes incentives and increases sales by 30% through features like DIY capabilities and real-time analytics; Underwriter360, which enhances traceability and borrower experiences with smart automation, achieving a 5x conversion rate increase; and ImpaktApps, which facilitates rapid application development by converting ideas into impactful applications while cutting development costs by 50%. With a strong focus on improving productivity, reducing costs, and driving data-driven insights, ACT21 Software is dedicated to helping financial institutions thrive in an evolving technological landscape. 

Our commitment to excellence and innovation positions us as the partner of choice for organizations seeking to optimize their processes and embrace the future of finance technology. 

For more information, visit www.act21.io

About Great Place To Work

Great Place To Work is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting, and insights they need to make strategic people decisions.   

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