Crystal Intelligence Acquires Fraud Detection Platform Whale Alert!
Jakarta, Pintu News – In the face of rising crypto crime, Crystal Intelligence acquired Whale Alert’s Scam Alert platform to turn victim reports into actionable intelligence for law enforcement.
Check out the full information here!
Rising Crypto Crime
Amidst the rise of crypto crime, Crystal Intelligence, a blockchain analytics and risk monitoring company, announced the acquisition of Scam Alert, a public platform developed by Whale Alert to report and detect crypto scams.
The move was taken to make it easier for victims to report fraud as well as assist law enforcement agencies in identifying wider fraud networks. According to a press release shared with crypto media, crypto fraud has reached unprecedented levels, with victims often feeling isolated and unsupported.
Read also: 3 US Economic Indicators Affecting the Crypto Market This Week
Data Integration and Utilization
By integrating Scam Alert into its system, Crystal Intelligence plans to use its analytics tools to connect individual scam reports and uncover larger operations.
Navin Gupta, CEO of Crystal Intelligence, explains that individual victims rarely get justice, which allows fraudsters to continue harming thousands more.
Therefore, the company decided to acquire Scam Alert. Although the acquisition price has not been disclosed, Crystal Intelligence stated that Scam Alert will be operated as a standalone non-commercial project.
Read also: Crypto Millionaire’s Father Rescued from Kidnapping in Paris, What’s the Chronology?
Global Strategy and Cooperation
To start, Crystal Intelligence will implement multilingual data collection, victim assistance tools, and partnerships with regulators and law enforcement worldwide.
Losses from crypto crime will reach $9.3 billion by 2024, a sharp increase of 66% from the previous year, according to the FBI’s Internet Crime Complaint Center. This initiative is expected to strengthen global efforts in the fight against crypto fraud and provide better support for victims.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Crypto News. Crystal Intelligence Acquires Whale Alerts Scam Detection Platform. Accessed on May 6, 2025
- Featured Image: Generated by Ai
