Today, Anchchain. AI, a leading AI blockchain security company in Silicon Valley, announced that it has recently completed a multi-million dollar seed round of financing. Investors include Amino Capital, a well-known venture Capital firm in Silicon Valley founded by Dr. Wu Jun, and CRCM Ventures, a venture Capital firm backed by Wall Street hedge funds.

Team background

Anchchain. ai is dedicated to ai-driven ecological security of blockchain, co-founded by Dr. Victor Fang and Ben Wu, experts in big data and artificial intelligence.

Dr. Victor Fang, the founder of the company, owns more than 15 U.S. patents. He is a doctor of Computer science from the University of Cincinnati and a contributor to MIT Technology Review. He served as the first chief data scientist at FireEye, a silicon Valley security company, where his team led the development of several AI products, including the successful application of NLP in the ApT-32 Vietnam Hacker Corps detection.

Co-founder Ben Wu previously worked as a research and development director at major technology companies such as Yahoo and EMC, where he was responsible for big data research and development. He holds several patents in data management fields. Other members of the team come from FireEye, Yahoo, Pivotal, Amazon, Intel, McAfee, and other leading cybersecurity, big data, and cloud computing companies around the world.


Products & Direction

Anchchain. ai develops and provides services for two core products: Smart Contract Audit Platform (CAP, Contract Audit Platform) — provides automatic Audit and expert Audit of smart Contract and Dapp codes in Docker container cloud. The Situational Awareness Platform (SAP) provides AI analysis based risk and threat intelligence and knowledge map for ETH, ERC20, BTC and other cryptocurrency assets to escort blockchain transactions.


Anchchain. ai discovered the hacker corps “BAPT-F3D” hidden behind FOMO3D games through SAP



Smart contract audit platform CAP

“As bitcoin, Ethereum and other cryptocurrencies become hot investment fields, more and more enterprises and capital have flooded into the blockchain industry, and hackers have also scented new opportunities to make money. The security situation of blockchain is becoming more and more serious.” Anchchain. ai founder Dr Victor Fang said.

As early as early August, Anchchain. ai used SAP’s AI machine learning model to detect “BapT-F3D”, the hacker corps behind FOMO3D, and “BapT-LW20”, the hacker corps behind Last Winner. For the first time in history, the existence of a blockchain advanced persistent attack (BAPT, first defined and named by Anchchain.ai) has been confirmed. After recreating the entire process of BAPT’s attack, Anchain-AI and its partner, Ambi Lab, found that the attack made a profit of 5,194 ETH (about 12 million RMB) in just four days through the smart contract vulnerability.

“Compared to the traditional Internet industry, hackers in the blockchain sector are directly stealing cryptocurrencies, which are particularly easy to cash due to their anonymity and decentralization, so hacking is more rampant and causing more harm than ever,” Said Dr Victor Fang.

He said, for example, APT (Advanced Persistent Threat, or Legion of Hackers) is the worst nightmare in the field of traditional Internet security, but in the field of traditional Internet, APT hackers lurk for hundreds of days and steal user data, which can only be subsequently resold in the black market. However, in the field of blockchain, anchchain. ai discovered the “BapT-F3D hacker group” as an example. The group launched attacks using smart contract vulnerabilities, continuously launched millions of transactions, created and destroyed tens of thousands of attack sub-contracts, and successfully stole a huge amount of Ethereum tokens. “The hacker corps has a clear division of work and superior anti-reconnaissance capabilities, which are difficult to detect by conventional practices in traditional Internet security.” “These new security challenges have inspired me and the founding team members to engage in the pioneering work of defending blockchain security,” said Dr. Victor Fang.

Victor Fang revealed that after this round of funding, the team will continue to improve the smart Contract Audit Platform (CAP) and situational Awareness platform (SAP) products, and will continue to track and monitor BAPT (Advanced persistent attack on blockchain) and release security reports related to BAPT.

“We highly recognize the team and direction of Anchchain. ai. Dr. Fang, THE CEO of Anchchain. ai, has strong leadership and driving ability. The anchchain. ai team’s years of experience in AI, big data and security make them the best fit for blockchain security.” Feng Yuan venture Capital founding partner, former Google senior Chinese executive Dr. Hoi Chan Zhu said.

Anchchain. ai has a strong team of consultants and has established strategic cooperation with Ambi LABS, Data visualization company Graphistry, and coin exchange exchange SWFT to leverage their respective strengths to secure blockchain transactions for exchanges and DApp project parties.