Empowering Future Investigators: The Launch of CipherTrace’s Defenders League

The Birth of the Defenders League

CipherTrace has taken a leap into the future with the launch of its new initiative, the Defenders League, aimed at equipping students with essential skills to tackle the burgeoning problem of crypto scams. Partnering with esteemed institutions like the Middlebury Institute of International Studies and Middlesex University London, the program is all set to train the next generation of crypto sleuths.

The Urgent Need for Crypto Protection

With cryptocurrency fraud and scams raking in over a whopping $4 billion by the end of Q3 2019, it’s clear that this is more than just a passing trend. CipherTrace’s chief financial analyst, John Jefferies, emphasizes the importance of tackling this pressing issue by shedding light on the gritty world of crypto crime. It’s almost like the wild west—and we definitely need some sheriffs!

The Tools of the Trade

Now, here’s where it gets exciting! Students involved in the Defenders League will gain access to CipherTrace’s professional software. Imagine having a candy store full of tools at your disposal: these tools will allow eager sleuths to conduct real investigations into the world of cryptocurrency. The big bonus? They’ll even earn class credit while helping recover small losses that often get overlooked by law enforcement.

A $4.3 Million Investment

• Students will use CipherTrace’s data visualization tools.
• Access to CipherTrace Investigator Plus, featuring over 800 tokens.
• Specialized training under expert educators.

More than Just a Training Program

This initiative doesn’t just train students; it gives them a sense of purpose. Pam Clegg, CipherTrace’s director of investigations, highlighted that these student-led investigations are crucial in producing actionable intelligence for law enforcement. The goal? To recover stolen funds and put a dent in the criminal enterprises that plague the crypto landscape.

A Closer Look at the Future

Jefferies has plans in the works not just to stick with the current partners. Discussions are on the table to bring even more institutions into the fold, as well as granting software licenses to researchers and educators at universities worldwide. This isn’t just a flash in the pan; it’s a full-on revolution!

Training Events: Not Just a One-Off

For those eager to dive deeper, CipherTrace plans to roll out free “CipherTrace Certified Examiner” training events across several major cities. These boot camps promise to deliver top-notch skills in financial investigation of cryptocurrencies and will be available both in-person and remotely each month. Talk about accessibility!

Not Your Typical Recruitment Strategy

One might wonder if the Defenders League is merely a clever recruitment tactic for CipherTrace. Jefferies clarified that the initiative is about giving back to the community, emphasizing the importance of cleaning up illicit actions within the crypto space. Senior lecturer Sukhvinder Hara noted that while it may not be a recruitment tool, it absolutely enhances students’ employability. After all, there’s nothing like a fancy title of “CipherTrace Certified Examiner” to spice up your résumé!