Former British police officers make up Crypto’s latest hiring spree.
Reports from Bloomberg News indicate that some of the biggest crypto firms, including Coinbase, Chainalysis and Binance, are actively recruiting former law enforcement employees and offering them salaries more than double or triple what they are earning now.
U.K. government officials trained 250 officers to become experts in digital currencies in 2018. Officers were trained to investigate, seize, and discover the value of digital currencies as crypto-tactical advisers. Now, many of them are leaving law enforcement to work in the private sector for a higher salary.
Cybercrime officers are being lost at a rate three to four times greater than that experienced in other areas of policing, according to the National Police Chiefs’ Council.
“The loss of experienced cyber officers and staff is a significant problem for us,” said Andrew Gould, head of the NPCC’s cybercrime unit.
“Their skills are in high demand in the private sector so we can see them doubling or tripling their pay which is why they go.”
Andrew Gould, head of the NPCC’s cybercrime unit.
The officers fill a need for growing crypto companies that face a constant threat from hackers, and are preparing for countries like the U.S. to institute heavy regulations.