Meta Mask: Crypto Fraud Victims Can Get Their Money Back With, an Asset Reality Mechanism

Crypto fraud victims can now breathe a sigh of relief. Popular crypto wallet MetaMask recently partnered with Asset Reality, a London-based digital asset investigation and recovery specialist, to help fraud victims get their stolen crypto assets back.

According to MetaMask, the collaboration with Asset Reality is “an industry-first approach to improving digital asset recovery.”

IMPORTANT READ: We can also help with stollen or hacked crypto wallet recovery

MetaMask and Asset Reality join forces

MetaMask currently has 30 million monthly active users and aims to protect the privacy and security of its users by taking a global and advanced approach, as traditional recovery processes can be cumbersome, expensive and time-consuming.

Asset Reality invites all victims of fraud or fraudulent operations to join forces to provide MetaMask users with a large-scale forensic crypto investigation for free. On the other hand, users will have to bear the legal fees if they choose to escalate and file criminal charges.

However, the two companies will help out if legal costs become prohibitive by using a group agreement to share the costs.

Other companies are expressing their intention to participate and help crypto fraud victims, such as Consensys, a blockchain analytics company that will also be tapped to report large-scale crypto scams.

MetaMask will provide users with an interface to report crypto fraud. Subsequently, Asset Reality will keep users updated on the status of cases against crypto cybercriminals.

Crypto fraud victims need to come forward

MetaMask co-founder Dan Finlay believes it is extremely important for victims of scams to file complaints, even if it is for a relatively small amount, to start. This is critical to expedite investigations and take appropriate and swift legal action.

Crypto scammers have swindled or stolen hundreds to millions of dollars in cryptocurrencies. For the victims of these crypto scams and online hacks, it was an emotional and mental ordeal, mainly because they felt stuck or in a vacuum while the perpetrators planned the next attack. It was an ordeal on a financial, physical and emotional level.

With the new solution or mechanism that MetaMask and Asset Reality have introduced, quick recovery of stolen digital funds is possible. It aims to increase the security level of the Web3 ecosystem. The strategy includes educating users about crypto hacks and fraud, improving security protocols, and enhancing digital asset security.

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