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AnChain.AI's Twitter Hack Investigation to Keynote DEFCON Blockchain Village 2020

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SAN JOSE, Calif., Aug. 5, 2020 /PRNewswire-PRWeb/ -- We are proud to announce that Victor Fang, CEO & Co-founder of AnChain.AI will present the keynote speech: "Twitter's Tax Day Disaster: The Beginning (and End) of Mainstream Crypto Scams", on Friday, August 7th 2020 at DEFCON Blockchain Village 2020.

DEFCON, the world's largest and oldest cybersecurity conference, will be hosted virtually this year. For over 28 years, it has gathered both authorities and innovators in the cybersecurity space. Attended by leading experts in penetration, compliance, cryptography, and security, DEFCON offers an unparalleled perspective on the threats faced by emerging technologies and how to defend against them.

As the world embraces blockchain technology, dedicated researchers and thought leaders work to ensure that it is truly secure. For the past 3 years Blockchain Village has brought light to these efforts, organizing cutting-edge research discussions, hands-on workshops, and more. In 2020, Blockchain Village and DEFCON #SafeMode will be organized as a virtual event, a distributed demonstration of immutable community spirit.

In the wake of the recent July 15th Twitter hack, the AnChain.AI team tracked down the stolen Bitcoin funds, worth over $110,000, within hours of the first fraudulent posting, and their continued monitoring of the situation has been featured by CBS News, Inverse, and more. Following a massive, initial wave of account takeovers in a social engineering attack which included such high-profile figures as Bill Gates, Elon Musk, Apple Inc., and even Joe Biden's official Twitter accounts, collectively reaching over 100 million followers, the AnChain.AI team has stopped the scammers' attempts to cash out in its tracks.

In the keynote speech, Dr. Fang will reveal more details about the largest cybersecurity hack of 2020, and how AI and machine learning helped investigate the Bitcoin transaction flow. In the weeks following the initial scam, the perpetrators distributed the funds between hundreds of wallets and made a number of attempts to obfuscate the funding via mixers like Wasabi CoinJoin, and liquidate between a who's who of top-tier exchanges, all of which were captured by the firm's ongoing diligence.

As international regulating bodies and standards-setting organizations like the FATF, OCC, ISACA, and more realize the threat of crypto-laundering and the need for more rigorous compliance standards on the blockchain, AML (Anti-Money Laundering) and risk management experts familiar with the cryptocurrency space will become all the more essential. It is AnChain.AI's hope that the practices utilized in tracking down this scam will become standard in this emerging and exciting market.

We look forward to seeing you at DEFCON Blockchain Village. For more info, contact us at info@anchain.ai and follow us on Twitter @AnChainAI

 

SOURCE AnChain.AI

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