Crystal Intelligence Acquires Scam Alert: Taking on Crypto Fraud Networks

As crypto-related crime reaches unprecedented heights, Crystal Intelligence has announced the acquisition of Scam Alert, a public platform originally developed by Whale Alert to report and track crypto fraud. The goal? To turn isolated victim reports into actionable intelligence for law enforcement and expose coordinated scam networks.

👮‍♂️ From Scattered Victims to Systematic Action In a recent press release, Crystal Intelligence emphasized that crypto scams have reached "unprecedented levels", with victims often left confused, unsupported, and unaware they might be part of a larger fraudulent operation. Scam Alert is now being reimagined as a bridge between the public and investigators. Crystal Intelligence plans to use its powerful analytics tools to connect individual scam reports and identify the underlying operations behind them.

💬 “Victims Rarely See Justice” Crystal CEO Navin Gupta explained the rationale behind the acquisition: “Most victims never get justice. That allows scammers to keep hurting thousands more.”

Despite the takeover — terms of which remain undisclosed — Scam Alert will continue as an independent, non-commercial project focused on protection, not profit.

🌐 Multilingual Expansion and Global Reach Crystal Intelligence is preparing to expand the platform with: 🔹 Multilingual reporting tools

🔹 Victim support systems

🔹 Collaboration with regulators and law enforcement around the world According to the FBI's Internet Crime Complaint Center, crypto-related losses topped $9.3 billion in 2024, a 66% increase from the previous year. Crystal Intelligence aims to push back against this trend with data-driven solutions and coordinated global partnerships.

💡 Summary: 🔹 Crystal Intelligence acquires Scam Alert from Whale Alert

🔹 Goal: Connect isolated reports to uncover larger crypto fraud networks

🔹 Scam Alert remains a nonprofit, independent initiative

🔹 Crypto crime caused over $9 billion in damages this year alone

#ScamAlert , #CryptoFraud , #CryptoCrime , #CyberSecurity , #CryptoNews

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