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CipherTrace Defenders League

CipherTrace Defenders League trains and tools budding cryptocurrency analysts from colleges and universities around the world to trace funds lost in cryptocurrency fraud and theft. In exchange for class credit, students will provide services to help recover losses that are typically too small for law enforcement to investigate. With the upward trend of growing crypto theft, scams and fraud, as outlined in CipherTrace’s Crypto AML Reports, law enforcement is forced to focus on high-profile cases while victims of “smaller” losses are often left to their own devices. However, these “smaller” losses can add up to big numbers, damaging trust in the industry. This is why the CipherTrace Defenders League’s services are available pro bono, as it marks a significant step forward toward CipherTrace’s goal of making crypto a safe, trusted and broadly adopted asset class.

“We’ve experienced a significant increase in requests for investigative and analytic support for fraud and theft cases. The CipherTrace Defenders League will be an elite corps of blockchain knowledgeable students who can conduct smaller-scale investigations. Their objective will be to produce actionable intelligence and evidence that can be used to recover stolen funds and ultimately prosecute those criminal actors responsible for the losses.”

-Pamela Clegg, Director of Investigations and Education

CipherTrace Defenders League members are given the same CTCE training used by law enforcement, regulators, and exchanges around the world to gain the skills required to become expert cryptocurrency financial investigators. In addition to free CTCE training, CipherTrace has provided a $4.3 million software grant to the Defenders League to help these students visualize blockchain interactions and follow the money to trace over 800 currencies, including Bitcoin, Ethereum, Tether, Binance Coin and Litecoin.

Why Start the Defenders League?

The CipherTrace Defenders League provides students with hands on experience researching and solving live financial crime cases from thefts, fraud, ransomware, extortion, romance scams and more. The use of industry leading tools helps them hone their investigative skills while also performing a valuable service to the crypto community. Crypto thefts, scams, and fraud topped $4.5 billion in 2019, emphasizing the urgent need for solutions to fight crypto crime and protect individual investors.

Volunteers that successful complete the initial training will begin as Associate Investigators with the opportunity to advance their position as their skills grow.

Who’s in the Defenders League?

CipherTrace Defenders League currently consists of students from:

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