Blockchain forensics company Crystal Intelligence plans to acquire Scam Alerts, a Web3 scam notification platform operated by crypto transaction monitoring firm Whale Alert. The terms of the deal were not disclosed, with completion expected by the end of May. Upon closing, Scam Alerts will become an independent non-commercial entity within Crystal Intelligence. Crystal Intelligence aims to streamline the reporting process for crypto scam victims, consolidate scam reports, and promote cryptocurrency adoption by reducing scam incidence. Whale Alert will act as an advisory partner, supporting multilingual data collection and victim support structures, as well as enhancing collaboration with global law enforcement agencies and local blockchain communities. Crystal Intelligence CEO Navin Gupta emphasized that Scam Alerts provides a voice for scam victims, helping to expose scam operation patterns and targets. An FBI report shows that crypto-related financial crime complaints surged in 2024, with losses exceeding 9.30 billion USD.