MetaMask Wallet Scam Victim Lifeline Goes Beyond Crypto Asset Protection

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metamask wallet

If you are a victim of a crypto asset scam, there is help available! MetaMask, an Ethereum (ETH) wallet with over 30 million users, has partnered with Asset Reality to provide a protocol for recovering, managing and accessing stolen digital assets. This partnership will make it easier for victims of crypto scams to get their assets back.

Here are some highlights of what the MetaMask-Asset Reality partnership offers:

  • A protocol for recovering stolen digital assets
  • Management and access to recovered digital assets
  • A community-driven approach to asset recovery
Photo by Mikhail Nilov

The Web3 Blockchain is not Scam-Proof

For victims of crypto asset scams, help is available.

Over the last few years, economic activity on Web 3.0 has grown exponentially, attracting a number of innovative applications as well as scammers. Unfortunately, the blockchain technology that underlies Web 3.0 is not foolproof, and scammers have taken advantage of this fact to steal millions of dollars from unsuspecting users.

But, it’s not always easy for scam victims to know where to turn or seek help, and before this new partnership there was often no way for investors who lost money in a scam to get their money back.

Crypto Losses May Be Recoverable

Asset Reality specializes in investigating and constructing cases for fraud victims, relieving victims of the need to worry about crossing each “t” and dotting each “i” of every bureaucratic and legal requirement, all while providing an opportunity to recover stolen assets.

According to MetaMask co-founder Dan Finlay,

Through this industry-leading partnership with Asset Reality, ConsenSys and MetaMask want to allow victims to join together, build cases against these scam operations and bring them to justice.

The hope is that joining together into larger investigations will create stronger cases and increase the likelihood of recovery.

Metamask will also work with law enforcement and others in the ecosystem to help resolve fraud cases, and encourages users who have been victims of fraud to reach out.

About Asset Reality

As the first end-to-end solution for complex assets, Asset Reality’s platform helps organizations in the public and private sectors conduct asset research and evaluation, identify risks, and develop action plans.

Its purpose is to assist victims of fraud and other crime in securing their assets, as well as enabling governments to manage and realize portfolios of seized assets.

Asset Reality debuted through the Techstars accelerator program, and it connects major digital custodians, blockchain analytics firms, and asset recovery experts to provide consumers with the services they want on a single easy-to-use platform.

About MetaMask

MetaMask is a browser plugin that serves as an Ethereum wallet. It’s downloaded like any other plugin.

Once installed, MetaMask allows users to keep Ether and other ERC-20 tokens and conduct transactions to any Ethereum address.

Users can connect to Ethereum-based dApps, where they can spend their cryptocurrency in games, stake tokens in gambling applications, and trade them on decentralized exchanges (DEXs). It also gives people an entry point into the emerging world of decentralized finance, or DeFi, allowing them to use applications such as Compound and PoolTogether for access.

About ConsenSys

ConsenSys claims to be the leading Ethereum software company. The company’s goal is to encourage developers, enthusiasts, and enterprises worldwide to create next-generation applications, initiate modern financial infrastructure, and bring about Web3.

ConsenSys’ products include InfuraQuorumTruffleCodefiMetaMask, and Diligence. These applications have millions of users and have managed billions of dollars in digital assets.

ConsenSys is built on Ethereum, the biggest programmable blockchain on earth, and a technology leader in business adoption, a robust developer community, and countless DeFi projects.

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