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Anchain AI, full-scale attack on cryptocurrency analysis and tracking market

기사입력2022.09.01 15:20


▲Insex Security CEO Jong-kwang Kim

InSecure Security and Anchain AI Sign Agreement for AI Solution Distribution
Plan to supply products to financial institutions, cryptocurrency exchanges, and government agencies

Global blockchain analysis company AnChanin.AI and digital forensics, mobile forensics, and malware forensics specialist InSec Security are joining forces to conquer the domestic cryptocurrency analysis and tracking market with differentiated solutions.

InSecure signed a domestic distribution contract with AnChain.AI CEO & Co-founder Victor Fang and COO & Co-founder Ben Wu, and held a media conference on the 1st to introduce AnChain.AI products and demonstrate blockchain analysis and tracking methods.

Anchain AI is an AI-based cybersecurity company that helps strengthen blockchain security, risk management, and compliance strategies. Founded in California in 2018, it has over 100 clients in over 10 countries, including financial and government agencies, including the U.S. Securities and Exchange Commission (SEC).

InSecure announced that it will provide a wide range of services including product supply of Anchain AI, technical support, authorized training center, consulting, analysis and tracking. Anchain AI announced that it plans to provide blockchain analysis and tracking solutions to customers such as financial institutions, Bitcoin exchanges, digital forensics specialists, and government investigative agencies.

Anchain AI's cryptocurrency analysis solution can perform functions such as ▲monitoring cryptocurrency transactions ▲detecting suspicious address activity ▲tracking and analyzing transactions using virtual currency wallet addresses (recording specific tasks being processed, specific transactions, and data obtained as a result) by applying AI/ML technology.

In particular, it provides real-time virtual currency threat intelligence information, allowing the risk of virtual currency wallets to be assessed in three stages, and can be integrated into various existing security solutions to quickly identify the risk of specific Bitcoin wallet addresses.

Anchain AI's next-generation cryptocurrency analysis and tracking solutions include three types: △Blockchain intelligence using AI technology, 'BEI™ API', △AI-based forensic tool, 'CISO™', and △Smart Contract Audit™, a smart contract risk assessment service.

CISO™ demonstration in progress

CISO™ (Compliance, Investigation, Security, Operations) demonstrated at the event is an AI-based forensic tool that links pseudonymous addresses to real entities and intuitively graphs and investigates cryptocurrency transactions in a matter of minutes.all.

The 'Auto Tracing' feature allows you to easily obtain statistics by having AI select and trace hundreds of millions of cryptocurrency addresses, generating and filtering graphs within a minute.

An official from Anchain AI said, “We can reduce analysis work that used to take about 20 minutes to about 10 seconds through AI, and even beginners can do it,” and “It has already been verified and is being used by U.S. blockchain companies, and it will also be possible to prevent criminal activities such as hacking by using AI-enhanced entity-level intelligence.”

He also expressed confidence, saying, “We currently support the four most widely used cryptocurrencies, including Ethereum, but we will gradually increase the number of supported cryptocurrencies,” and “Anchain AI’s solution will not be a burden in terms of cost compared to its functionality.”

Insec Security CEO Jong-kwang Kim said, “Insec Security has the advantage of having been in the domestic market for a long time and has a lot of information about products,” and “We expect that AI-based solutions will be useful in major government agencies and cryptocurrency exchanges in the future.”

Meanwhile, InSecSecurity and Anchain AI added that they plan to supply products to the domestic market as well as operate technical support and accredited training courses to cultivate related experts.