Cryptocurrency analytics firm CipherTrace in parthners with the participation of the Middlebury Institute of International Studies at Monterey, Middlesex University London, and the Blockchain Acceleration Foundation (BAF), have launched “Defenders League,” training program designed to provide students with the training and tools necessary to investigate crypto-related scams.
The Defenders League will includes graduate students from Middlebury and Middlesex, along with BAF students at nine universities located across California.
Defenders League’s objective is to make the crypto economy safer for consumers and investors, according to CipherTrace’s chief financial analyst, John Jeffereies.
Jefferies explained that students in the Defenders League will have complete access to the professional version of the company’s software – CipherTrace Investigator Plus – that supports over 800 tokens:
“With access to the full suite of CipherTrace tools, certified students will be able to trace funds lost in cryptocurrency fraud and theft.”
To help students visualize blockchain interactions, CipherTrace is providing a $4.3 million grant to the Defenders League.
CipherTrace reported that the cost of thefts, scams and fraud has already reached over $4 billion by the end of Q3 2019, emphasizing the urgent need for proper solutions to be brought to market to combat crypto crime and protect individual investors.