Crystal Intelligence Acquires Scam Alert to Empower Crypto Scam Victims, Enhance Global Fraud Detection – CryptoMode
Dubai, United Arab Emirates– (Business Wire) –#blockchain–Crystal IntelligenceA global leader in Blockchain Analytics and Risk tracking, announced today at Token2049 Dubai to get it Scam alertA platform that is publicly accessible for reporting and discovering a crypto scam at first created by Whale Alert. Acquisition reinforces Crystal's promise to empower scam victims worldwide, facilitate faster and more effective crypto fraud responses, and enhance cooperation with law enforcement agencies.
Crypto fraud has reached the uninitiated levels, and the victims are often left isolated, unsupported, and unaware that they may be part of a wider, coordinated scheme.
Crystal's acquisition of the scam alert is designed to change it by enabling the victims to report scams and combine individual reports through Crystal's advanced clustering analytics. This technology recognizes greater fraud patterns, which relate to isolated cases in greater operation and provide critical intelligence to law enforcement agencies worldwide.
Frank Van Weert, founder and CEO of Whale Alert, said “We have launched the scam alert to fight crypto crime, and by joining the crystal intelligence forces, we can now make a significant effect on which others have fallen.
“We are starting a B2B company, however we have received an excessive number of desperate outreach messages from scam victims with minimal resources available,” said Navin Gupta, CEO of Crystal Intelligence. “Individual victims rarely see justice, which enables scammers to repeat thousands of thousands. It has to be stopped. The scam alert is our important step towards protecting individuals, successful scam reports, and directly cooperating with law enforcement and virtual providers (Vasal) potential fund recovery. “
The frequency and size of cryptocurrency crimes have emerged significantly in recent years, with losses of more than $ 9.3 billion in 2024 only, a 66% jump from 2023, according to the FBI's Internet Crime Complaint Center 2024 Report.
The Whale Alert will continue as a counseling partner, which has strengthened the reach of the scam alert throughout the large social media following. Crystal plans a phased rollout, starting with the comprehensive collection of multilingual data, victim support infrastructure, and strategic cooperation with global law enforcement and regulatory bodies. The scam alert will also strengthen the Crystal hyperlocal intelligence approach by working closely with local ambassadors, foundations, and blockchain communities around the world. It is also a call to action for others who believe in this reason to join us.
Marina Khaustova, Coo of Crystal said, “The scam alert can be a lifeline for those affected by crypto fraud. The victims are eligible to recognize course and real support. SCAM avoiding and victim support.
The initiative received support from the main industry stakeholders, including the Polygon, Tether, and the Ethereum Foundation – partners who share our vision for a safer crypto ecosystem.
Crystal's long -term perspective involves significant improving the crypto community safety. Gupta emphasized, “Scams remain the biggest obstacle to the new user's new adoption in the crypto. The scam alert symbolizes our ongoing promise to a safer blockchain ecosystem. By collaboration with data sharing, education initiatives, and early discovery of scam trends, aiming that tool to fight crime.
The scam alert initiative is accidentally outlined as a independent, non-commercial project within Crystal, which invites cooperation with industry peers, foundations and regulatory authorities.
To find out more about Scam-Alert.io and Crystal efforts in blockchain tracking, visit https://scam-lert.io.
About Crystal Intelligence
Crystal is a leading blockchain intelligence firm that empowers financial institutions, law enforcement, and regulators with real-time blockchain reviews, investigations, and compliance solutions. Our technology helps financial institutions well comply with global regulations of anti-money laundering. Government investigators and agencies rely on crystal cutting technology and real-time intelligence to solve crypto investigations. Available as a free blockchain explorer, SAAS, or API.
Contacts
Media
Trevor Davis, Gregory FCA for Crystal
+1 215-475-5931
Trevor@gregoryfca.com
