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The idea was briefly kept alive in the form of the Underhanded Rust Contest[0], announced in 2016, but there were some practical problems organising it, according to an attempt in 2019 to revive it again.[1]

[0] https://blog.rust-lang.org/2016/12/15/Underhanded-Rust.html

[1] https://github.com/rust-community/team/issues/256

IOCCC is still running https://www.ioccc.org/

It is not exactly the same but it has a lot of the same vibe.

So has it gotten revived or is it only kept for posterity now?