Blockchain forensics company Crystal Intelligence will acquire Scam Alert.

According to Techub News, The Block reported that blockchain forensic company Crystal Intelligence plans to acquire Scam Alerts, a web3 fraud notification platform currently operated by crypto trading monitoring company Whale Alert. The terms of the transaction have not been disclosed. The acquisition is expected to be completed by the end of May. According to a press release obtained by The Block, once completed, Scam Alerts will become an independent non-commercial entity under Crystal Intelligence. Crystal Intelligence aims to simplify the reporting process for victims of crypto asset scams and aggregate individual fraud reports. After the acquisition, Whale Alert will serve as an advisory partner. Crystal Intelligence plans to launch a comprehensive data collection platform that supports multiple languages and provides a more robust victim support mechanism. Additionally, Crystal plans to strengthen cooperation with global law enforcement agencies, while Scam Alert will closely collaborate with blockchain communities around the world.