PANews reported on May 1 that blockchain forensics company Crystal Intelligence plans to acquire Scam Alerts, a Web3 scam notification platform operated by Whale Alert. The terms of the transaction have not been disclosed and are expected to be completed by the end of May. After the acquisition, Scam Alerts will become an independent non-commercial entity within Crystal Intelligence. After the acquisition, Whale Alert will serve as an advisory partner. Crystal Intelligence plans to enhance the collection of fraud reports and victim support structures by improving language support and strengthening cooperation with global law enforcement agencies. According to the FBI report, financial crimes involving cryptocurrencies are increasing, with related complaints exceeding $9.3 billion in losses in 2024, a 66% increase from 2023.