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.

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Reference

• Crypto News. Crystal Intelligence Acquires Whale Alerts Scam Detection Platform. Accessed on May 6, 2025
• Featured Image: Generated by Ai