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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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Revolution in ADAS: How Raytron’s Infrared Sensing Solutions Enhance Smarter & Safer Driving

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YANTAI, China, Nov. 28, 2024 /PRNewswire/ — As traffic accidents continue to rise, particularly in low-light conditions, the need for automobile advanced driver assistance systems(ADAS) has never been more urgent. Nighttime driving, poor visibility, and unpredictable weather conditions significantly increase the risk of collisions, particularly pedestrian accidents. To address these challenges, manufactures in the automotive industry are turning to innovative technologies that can enhance both driver awareness and vehicle safety. Raytron’s infrared thermal imaging sensing technology addresses these challenges by enabling clearer vision in these difficult conditions.

The Role of Advanced Driver Assistance Systems(ADAS) in Modern Automobiles
Active safety systems in automobiles like Automatic Emergency Braking(AEB) and Advanced Driver Assistance Systems(ADAS), especially the ADAS, are essential for preventing accidents. These technologies rely on sophisticated sensors to detect potential hazards and respond accordingly. However, in poor visibility or harsh weather, traditional systems can struggle. Raytron’s infrared thermal imaging sensors, designed for integration into ADAS in automobiles, are key in overcoming these limitations. Unlike traditional optical cameras or radar, infrared thermal sensors detect heat emitted by objects, providing clear visibility even in complete darkness, fog, or heavy rain, making them indispensable in modern advanced driver assistance systems. This technology allows vehicles to identify pedestrians, animals, and other hazards in low-light environments, enabling safer driving in conditions where other sensors may fail.

By integrating Raytron’s infrared thermal sensors with other safety technologies like radar and lidar, vehicles gain a comprehensive, multi-dimensional view of their surroundings, making autonomous driving systems more reliable and effective.

Raytron’s solutions have been trusted by prominent automakers such as BYD, Geely, Dayun, and Shaanxi Automobile. These collaborations not only validate Raytron’s technological expertise but also highlight the quality and reliability of its infrared thermal imaging products for the automotive industry. With these partnerships, Raytron is helping to shape the future of automotive safety and intelligent driving systems.

About Raytron
Raytron is a world-leading high-tech enterprise specializing in infrared technology. With nearly half of its employees in R&D, Raytron has filed nearly 2,100 patents, underscoring its commitment to innovation. Raytron continues to lead the way in providing intelligent infrared sensing solutions for the automotive industry, enhancing safety and performance in vehicles.

For further information:
Raytron Marketing Department
E-mail: sales@raytrontek.com
Website: https://en.raytrontek.com/

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Deepcoin Unveils ‘Similar K-Line’ Feature to Enhance Trading Precision and User Experience

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SEOUL, South Korea, Nov. 28, 2024 /PRNewswire/ — Deepcoin, a leading cryptocurrency exchange, has announced the launch of its latest feature, “Similar K-Line.” This advanced tool allows users to identify and analyze historical K-line patterns similar to current market trends, providing a new level of insight and decision-making support for traders.

The Similar K-Line feature empowers users by simplifying the analysis of historical trends, offering real-time comparisons to detect recurring patterns and market behaviors. This tool is particularly beneficial for both beginner and seasoned traders, providing them with a valuable resource to make data-driven trading decisions.

“By introducing the Similar K-Line feature, Deepcoin reaffirms its commitment to empowering traders with innovative tools for better trading insights,” said Ego, Founder & CEO of Deepcoin. “We’re always striving to enhance the trading experience with features that bring greater accuracy, efficiency, and confidence.”

Key Benefits of Similar K-Line:

Informed Decision-Making: Matches the current candlestick pattern with the 30 most similar historical patterns, helping users to forecast potential market movements with confidence.Customized Analysis: Offers flexible settings, supports multiple time frames (1-min, 5-min, 15-min, 30-min, 1-hour, 4-hour) for both trend-based and short-term strategies, allowing traders to tailor the search parameters for more precise results.Clear, Visual Trend Evolution: Seamlessly integrates into the trading platform, enabling quick access to historical comparisons. Allows traders to refresh the data to match the latest market movements, keeping them updated on fluctuations.

The Similar K-Line tool is available to all Deepcoin users, contributing to the exchange’s mission of making high-quality trading solutions accessible to a global audience. With this latest feature, Deepcoin continues to lead in developing tools that simplify and elevate the trading experience, regardless of market conditions.

For more information about the Similar K-Line feature and how it can help optimize your trading experience, visit here.

About Deepcoin

Deepcoin is a leading cryptocurrency exchange committed to providing users with a secure, efficient, and innovative trading experience while known for its relentless innovation and long-term value proposition. Founded in 2018 by industry veterans and former executives of renowned companies, Deepcoin has amassed over 10 million registered users across 30 countries, facilitating a cumulative trading volume exceeding US $1 trillion. Having broad support for global fiat currency deposits, Deepcoin enables direct purchases of major cryptocurrencies and offers a range of trading options for over 100 cryptocurrencies. Its user-friendly platform includes spot trading, perpetual contracts, inverse perpetual contracts, and DeFi financial management savings, backed by 24/7 multilingual customer support, empowering individuals and institutions to navigate the digital asset market with confidence and ease. Deepcoin continues to redefine the crypto trading landscape, delivering unparalleled innovation and exceptional user experiences.

Website | Twitter | Telegram

View original content:https://www.prnewswire.com/news-releases/deepcoin-unveils-similar-k-line-feature-to-enhance-trading-precision-and-user-experience-302318142.html

SOURCE Deepcoin

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Futurense Launches India’s First AI Think Tank, The Futurense Leadership Council

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Futurense unites top CXOs and industry leaders across domains to form an exclusive community that will work towards bridging the gap between industry and academia.

MUMBAI, India, Nov. 28, 2024 /PRNewswire/ — In response to the growing demand for AI talent and the rapid technological advancements driving the need for skilled professionals, Futurense has launched the Futurense Leadership Council (FLC), India’s first AI think tank. This initiative comes at a crucial time when Global Capability Centers (GCCs) are increasingly setting up operations in India, intensifying the competition for top-tier AI talent. The FLC aims to tackle the shortage of highly skilled AI professionals by creating a platform that connects the brightest minds to an exclusive community of top CXOs and industry experts from 40+ Fortune 500s as well as MAANG Companies.

The brand film is now live on YouTube, Instagram and LinkedIn.

It aims to give back to the society by partnering with prestigious institutions such as IITs, IIMs, and top universities in the United States, including Drexel University, Rutgers University, and the University at Buffalo, the Council seeks to develop a sustainable pipeline of AI leaders. With this initiative, Futurense is poised to not only meet the industry’s talent needs but also empower future generations to thrive in the rapidly evolving world of AI.

It will be integrated into the academic structure of IIT programs offered in collaboration with Futurense in fields like AI, Data Engineering etc. Students enrolled in these programs will benefit from exclusive mentorship, workshops, and masterclasses led by FLC members. This unique approach will help students crack high demand roles.

One of the most important initiatives under the FLC is the masterclass series, which will be led by FLC leaders. These sessions will be a part of all the Futurense programs and will offer students with essential insights into the latest trends in AI, data science, and other tech fields, while providing them with valuable networking opportunities.

“The members of the FLC will play an instrumental role in shaping India’s AI future. The current gap between industry needs and academic training is about 4-5 years, with academia struggling to keep up with industry developments,” explains Raghav Gupta, CEO and Founder of Futurense. “By introducing an FLC into our IIT’s partnered programs, we aim to address this as we leverage the expertise of industry leaders to design curriculum, mentor students, and provide real-world, hands-on training,” says Raghav.

A Strong Lineup of AI Leaders

The FLC leaders bring a commitment to giving back to society, helping develop the next wave of Indian tech talent. It is led by some of the most prominent figures from 40+ Fortune 500 companies and unicorns including Amazon, Flipkart, Google, JC Penney, Microsoft, Walmart, Myntra, Nykaa, Paytm, Aditya Birla Group, Ather Energy, TVS Motors, and Lowe’s India —and continues to expand, onboarding leaders dedicated to shaping future tech talent. Some of the members of FLC include-

Pankaj Rai, Group Chief Data Analytics Officer, Aditya Birla GroupKaushik Das, Managing Director, JCPenneyIshu Jain, Head Of Analytics, MyntraAnkit Mogra, Director- BI & Analytics, AtherIndrani Goswami, Director of Analytics, NykaaTushar Sahu, Director of Engineering, GoogleNithya Subramanian, Head of Data & Analytics, KellanovaAnirban Nandi, Head of AI Producers & Analytics (Vice President), RakutenVishal Nagpal, Data Science and Analytics Leader, AmazonAnand Das, Chief Digital & AI Officer, TVS

Beyond nurturing AI talent, FLC leaders will be actively involved in multiple government forums. This partnership will further strengthen India’s position as a global AI hub, ensuring that both industry and policy evolve hand-in-hand to meet future demands.

Looking ahead as the Futurense gears up for its mission, the goal is to create a thriving ecosystem that supports both academic institutions and businesses, ensuring that India not only meets the rising demand for AI talent but also emerges as a global leader in the field.

About Futurense:

Futurense bridges the gap between industry and academia, empowering Indian talent to become AI-ready, from classrooms to boardrooms. With solutions for every stage, they equip individuals to excel in the evolving tech landscape.

At the industry level, Futurense Technologies’ zero-cost upskilling model trains and deploys highly skilled AI talent in Fortune 500 companies, making them a preferred partner for top global firms. At the academic level, Futurense Uni, in partnership with prestigious institutions like IITs and IIMs, offers PG Diploma, MTech, MBA, and BSc/BS degrees in the most in-demand tech fields. Through Futurense Campus, they integrate advanced curricula and industry partnerships with colleges and universities to equip Leastudents to be AI-ready from day one. And, for global exposure, the historic Futurense US Pathway combines IIT certification with on-campus experience at top US universities, providing Indian aspirants with the smartest way to pursue a Master’s degree in the US. The group is committed to helping every Indian lead the AI revolution and drive change across industries worldwide.

 

View original content:https://www.prnewswire.com/in/news-releases/futurense-launches-indias-first-ai-think-tank-the-futurense-leadership-council-302318146.html

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