Analytics Firm Training Students to Detect Cryptocurrency Scams

A free training program for studentsAccording to Jefferies, CipherTrace will train and certify students to use its financial investigation software.

CipherTrace is providing a $4.3 million grant to the Defenders League to help students visualize blockchain interactions, allowing them access to the CipherTrace data visualization tool, which is a standard component of the software.

"With access to the full suite of CipherTrace tools, certified students will be able to trace funds lost in cryptocurrency fraud and theft.

The CipherTrace Defenders League will be an elite corps of blockchain knowledgeable students who can conduct smaller-scale investigations.

Moving forward, Jefferies told Cointelegraph that CipherTrace is working on an initiative to grant software licenses to researchers and instructors at other universities and even to the United Nations.

The Blockchain Acceleration Foundation will work closely with CipherTrace to ensure the success of this initiative at our partner universities and help expand the Defenders League to other schools in the country.

CipherTrace will be offering free "CipherTrace Certified Examiner" one-day training events.

Not a recruiting toolWhile CipherTrace's Defenders League may seem like a useful recruiting tool, Jefferies said that this was not a motivating factor for developing the program.

"CipherTrace Cryptocurrency Intelligence has the information, but our team doesn't have the time to investigate each case.

While this may be, senior lecturer in digital forensics at Middlesex University London, Sukhvinder Hara, noted that the training CipherTrace provides will enhance their employment opportunities, stating, "Being the only UK university with commercial crypto investigation software enhances our students' employability, particularly as they can certify as CipherTrace Certified Examiners.