Crypto scams have become a devastating issue, claiming billions each year and leaving many victims feeling alone and without support. At Crystal Intelligence, we’ve seen up close the emotional and financial impact these scams can have. Although we mainly focus on being a B2B blockchain analytics provider, the overwhelming wave of requests for help from victims highlighted a pressing need for a dedicated support platform just for them.
Today, we’re excited to announce we are acquiring Scam Alert, a publicly accessible platform for crypto scam reporting and detection initially created by Whale Alert.
Scam Alert will be part of Crystal’s mission to empower scam victims, detect criminal patterns through blockchain analytics, and support law enforcement worldwide.
The acquisition reinforces Crystal’s commitment to empowering scam victims globally, facilitating faster and more effective responses to crypto fraud, and enhancing cooperation with law enforcement agencies. Built on a foundation of choice, support, and security, Scam Alert gives victims the option to report scams either anonymously or openly. It offers a secure platform for users around the globe, allowing Crystal Intelligence to use advanced clustering analytics to reveal patterns, connect incidents, and notify law enforcement about larger criminal operations.
How Scam Alert works
When a victim chooses to report a scam, they have the option to remain anonymous. Our system collects and organizes this information alongside similar reports. With Crystal’s analytics, we can identify links between separate incidents and broader fraudulent schemes. This proactive method not only enables law enforcement to react more quickly, but also provides important warnings to users and virtual asset service providers (VASPs), potentially facilitating fund recovery.
Why Scam Alert matters
Crypto fraud has reached unprecedented levels, and victims are often left isolated, unsupported, and unaware that they may be part of a broader, coordinated scheme.
Crystal’s acquisition of Scam Alert is designed to change this by enabling victims to report scams and aggregate these individual reports through Crystal’s advanced clustering analytics. This technology identifies broader fraud patterns, linking isolated cases to larger operations and providing critical intelligence to law enforcement agencies globally.
Frank van Weert, Founder and CEO of Whale Alert, said “We launched Scam Alert to combat crypto crime, and by joining forces with Crystal Intelligence, we can now make a meaningful impact where others have fallen short. Blockchain can only thrive in an environment where users feel safe.”
That’s where Scam Alert comes in—it offers an easy way to report scams but also a supportive community, reminding victims that they’re truly not alone in this journey. The platform places a strong emphasis on robust data privacy standards, ensuring that victims’ identities remain protected while also complying with global privacy laws, including GDPR.
Our vision for collaboration
Scam Alert is intentionally non-commercial and designed to foster collaboration across the industry. We invite blockchain foundations, regulatory authorities, law enforcement, and the crypto community at large to unite against crypto fraud. We are proud to be supported by Whale Alert, Polygon, Tether, and Ethereum Foundation —partners that share our vision for a safer crypto ecosystem.
Navin Gupta, CEO of Crystal Intelligence, states, “This initiative represents a crucial step forward. By directly addressing victim needs and enhancing our analytics capability, Scam Alert can significantly reduce the impact of crypto fraud. Together, we can restore trust and safety in the crypto community.”
Marina Khaustova, COO, adds, “Victims deserve immediate and genuine support. Scam Alert aims to convert scattered individual experiences into powerful collective action, creating an ecosystem safer for everyone involved.”
Future plans
Our roadmap includes comprehensive educational initiatives, expanded partnerships with global ambassadors, and ongoing enhancements to Scam Alert’s technology and reach.
Join our mission—explore Scam Alert today, collaborate with us, and follow our social media channels for continuous updates and insights.
