AnChain.AI and Bitrue Exchange have recently entered into a strategic partnership to secure their blockchain ecosystem. The strategic partnership was formed in Palo Alto in December 2018.
Bitrue has an amazing community full of crypto enthusiasts, investors, and business partners. AnChain.AI is very excited to be joining this welcoming community!
How will this impact the blockchain ecosystem?
AnChain.AI is committed to securing the entire blockchain ecosystem as described by our three eternal themes: transaction, code, and infrastructure security.
There have been numerous exchange breaches such as the Binance Syscoin incident, MapleCoin Exchange, and many others this year. In 2018 alone, over $1B in digital assets have been stolen from active exchanges in operation! Security and transparency are what this nascent industry needs the most at this time. Both AnChain.AI and Bitrue share the same vision of providing best security practices and maximizing transparency for investors, traders, developers, users, and the entire community.
Ethereum Classic (ETC) 51% Attack Detected On Bitrue
On January 7th, Ethereum Classic (ETC) experienced a 51% attack that included a double spend. A double spend is a flaw where the same digital token can be spent more than once, noting a single point of failure. Bitrue is one of the exchanges that experienced the ETC 51% attack. The attacker tried to withdraw 13,000 ETC from Bitrue, but the withrawal was halted by its internal system.
The attacker’s address, revealed:
Bitrue conducted its own research immediately after the incident, and discovered a total of 88,500 ETC double-spends, among which 13,000 were within Bitrue.
Bitrue took quick action to avoid this disastrous event by prioritizing security and immediately pausing interactions with the ETC blockchain. As a result of its diligence and quick action, Bitrue has been endorsed by a large group of community members for being transparent and setting up a standard for how crypto exchanges ought to behave in incidents like these.
AnChain.AI is proud to partner with such a security-focused exchange!
A blockchain data analytics firm providing intelligence, indicators, and investigative resources for clients to enhance their security, risk, and compliance strategies.
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With extensive experience in cybersecurity, artificial intelligence, cloud computing, and big data AnChain is continuously securing top-tier crypto exchanges, protocols, investors, custodians, and enterprise with our Blockchain Ecosystem Intelligence.
Bitrue is a forward-thinking cryptocurrency exchange platform dedicated to providing the most trustworthy digital asset management services in a simple, efficient, and secure manner. Registered in Singapore in 2018, Bitrue offers worldwide services to cryptocurrency investors with offices across the United States, Taiwan, Japan, Singapore, Indonesia, and India. Bitrue was built by a good mix of digital finance experts, cyber security specialists and blockchain developers who share the same passion of redefining crypto trading experiences.
Bitrue supports crypto-to-crypto trading and its API trading tool is also under open beta testing stage. Bitrue is committed to serving the XRP community by constantly building XRP liquidity via a transparent and trusted marketplace. It’s one of the first few exchanges that offer XRP as a base currency!
Bitrue features no listing fee along with a very selective and serious vetting process. Bitrue also runs a Blockchain incubator in the heart of Silicon Valley creating a rich ecosystem for everyone in this industry to have a play.
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