Puzzle Rules

2.1 BTC are hidden in this picture, can you find the solution? If you can’t, tag the smartest person you know on Twitter, and you will receive up to $100 if they solve it!

Once a participant has found the correct private key in the image, they will be able to transfer 1.1 BTC to the public key address of their own wallet. A further 1 BTC will be deposited to their Phemex account once they prove they control the private key.

The public key is: 1h8BNZkhsPiu6EKazP19WkGxDw3jHf9aT

About the puzzle

Through this game we want to educate users on the importance of private key custody and safety. We have built our own, innovative Hierarchical Deterministic Cold Wallet System, which assigns an independent deposit address to each user so that all assets are kept in cold wallets.

In the words of our CEO Jack Tao: “Overall “hot” online wallets tend to be much more vulnerable than “cold” offline wallets. Managing thousands of private keys is inoperable and risky for an exchange, which is why we built our own Hierarchical Deterministic Cold Wallet System”.

From a “seed” our system can generate millions of private keys, each of which will be linked to their public keys, basically BTC addresses. All keys are independent from each other, but can be easily recovered by the Phemex seed key if any private key goes missing. The seed key and all private keys are stored offline, hence in “cold” storage, to ensure maximum security for users.”

For any inquiries contact us at support@phemex.zendesk.com.

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Click here to go on the Satoshi Puzzle