This event is gonna take place on Friday, Saturday and probably Sunday (May 6th, 7th and 8th) at 8 pm CEST in the PVP Zone (more info here: PVP Zone)
There will be chests distributed inside the PVP area with some great items. Those items can be everything from armor to weapons or tools and even unique items or enchanted stuff. Once you found a chest all you have to do is take the loot and fight your way out of the zone to secure it. Easy right ? Well maybe not that easy... all the chests will be placed in a wide and open area so once you leave your cover EVERYONE sees you.