{"id":51662,"date":"2025-05-01T14:30:04","date_gmt":"2025-05-01T14:30:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crystal-intelligence-acquires-scam-alert-aims-to-protect-crypto-users-from-fraud\/"},"modified":"2025-05-01T14:30:04","modified_gmt":"2025-05-01T14:30:04","slug":"crystal-intelligence-acquires-scam-alert-aims-to-protect-crypto-users-from-fraud","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crystal-intelligence-acquires-scam-alert-aims-to-protect-crypto-users-from-fraud\/","title":{"rendered":"Crystal Intelligence acquires Scam Alert, aims to protect crypto users from fraud"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Mango-Markets-DAO-proposes-to-offer-the-US-SEC-a-settlement-deal-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Mango-Markets-DAO-proposes-to-offer-the-US-SEC-a-settlement-deal-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Mango-Markets-DAO-proposes-to-offer-the-US-SEC-a-settlement-deal-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Mango-Markets-DAO-proposes-to-offer-the-US-SEC-a-settlement-deal-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li data-pm-slice=\"0 0 []\">Crystal buys Scam Alert to fight crypto scams.<\/li>\n<li data-pm-slice=\"0 0 []\">Uses AI to track fraud and help victims.<\/li>\n<li data-pm-slice=\"0 0 []\">Backed by Tether, Polygon, and Ethereum Foundation.<\/li>\n<\/ul>\n<p data-pm-slice=\"0 0 []\">As crypto fraud reaches alarming new heights, blockchain analytics firm Crystal Intelligence has taken a bold step to curb the menace.<\/p>\n<p class=\"\" data-start=\"285\" data-end=\"780\">At Token2049 Dubai, the company announced its acquisition of Scam Alert, a crypto scam reporting platform created by Whale Alert.<\/p>\n<p class=\"\" data-start=\"285\" data-end=\"780\">This move is set to transform how cryptocurrency scams are detected and reported, using Crystal\u2019s advanced analytics to connect scattered reports and provide critical intelligence to law enforcement agencies worldwide.<\/p>\n<h2 data-start=\"782\" data-end=\"1320\">Crypto crime in the blockchain ecosystem<\/h2>\n<p class=\"\" data-start=\"782\" data-end=\"1320\">In 2024 alone, global losses from crypto scams surged 66% year-on-year to more than $9.3 billion, according to the FBI\u2019s Internet Crime Complaint Center.<\/p>\n<p class=\"\" data-start=\"782\" data-end=\"1320\">Victims often find themselves isolated and unsupported, with little hope of recovering their assets or seeing justice served.<\/p>\n<p class=\"\" data-start=\"782\" data-end=\"1320\">Crystal\u2019s acquisition of Scam Alert seeks to change that by creating a structured, transparent, and collaborative ecosystem for fraud detection and victim support.<\/p>\n<p class=\"\" data-start=\"1322\" data-end=\"1670\">Using its proprietary clustering and blockchain analytics, Crystal Intelligence will aggregate scam reports submitted through Scam Alert, identifying larger fraud networks and exposing coordinated criminal activity.<\/p>\n<p class=\"\" data-start=\"1322\" data-end=\"1670\">This will allow virtual asset service providers (VASPs) and law enforcement to take timely action and prevent further victimization.<\/p>\n<p class=\"\" data-start=\"1672\" data-end=\"1980\">\u201cWe receive countless distress messages from scam victims, yet there\u2019s rarely a system to help them,\u201d said Navin Gupta, CEO of Crystal Intelligence.<\/p>\n<p class=\"\" data-start=\"1672\" data-end=\"1980\">\u201cScam Alert represents our commitment to offer real help by triaging genuine reports and working with enforcement agencies to trace and recover stolen assets.\u201d<\/p>\n<p class=\"\" data-start=\"1982\" data-end=\"2262\">Whale Alert, which built Scam Alert to tackle crypto crime transparency, will remain on board as an advisory partner.<\/p>\n<p class=\"\" data-start=\"1982\" data-end=\"2262\">The collaboration is expected to amplify the platform\u2019s reach, leveraging Whale Alert\u2019s influential social media presence and extensive fraud-tracking experience.<\/p>\n<p class=\"\" data-start=\"2264\" data-end=\"2542\">Marina Khaustova, COO of Crystal, emphasized the platform\u2019s potential impact: \u201cScam Alert can be a lifeline for those affected by crypto fraud. Victims deserve a recognized pathway for support and fund recovery. We\u2019re turning scattered experiences into actionable intelligence.\u201d<\/p>\n<h2 data-start=\"2264\" data-end=\"2542\">Phased global rollout<\/h2>\n<p class=\"\" data-start=\"2544\" data-end=\"2859\">Crystal Intelligence plans a phased global rollout of Scam Alert, starting with multilingual data collection and regional victim support hubs.<\/p>\n<p class=\"\" data-start=\"2544\" data-end=\"2859\">The platform will also adopt a hyperlocal intelligence approach, engaging local blockchain communities, foundations, and regulatory bodies to ensure grassroots involvement.<\/p>\n<p class=\"\" data-start=\"2861\" data-end=\"3080\">Notably, the initiative has received backing from major industry stakeholders, including Tether, Polygon, and the Ethereum Foundation, underscoring a growing consensus on the urgent need for crypto safety infrastructure.<\/p>\n<p class=\"\" data-start=\"3082\" data-end=\"3292\">Structured as a non-commercial, standalone project, Scam Alert is a call to action for the wider blockchain industry to unite against crypto scams through shared intelligence, transparency, and collaboration.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crystal-intelligence-acquires-scam-alert-aims-to-protect-crypto-users-from-fraud\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Crystal buys Scam Alert to fight crypto scams. Uses AI to track fraud and help victims. Backed by Tether, Polygon, and Ethereum Foundation. As crypto fraud reaches alarming new heights, blockchain analytics firm Crystal Intelligence has taken a bold step to [&hellip;]<\/p>\n","protected":false},"author":3947362382,"featured_media":51663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51662"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362382"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51662"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51663"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}