MetaMask joins forces with Asset Reality for recovery of stolen digital assets
economictimes.indiatimes.comcrypto wallet MetaMask has inked a new strategic partnership with Asset Reality, an end-to-end solution for recovering, managing, and accessing seized crypto and complex assets. MetaMask is a ConsenSys product and among the leading self-custody wallets. MetaMask and Asset Reality will be helping victims of scams recover their digital assets where possible. The support will be available for all MetaMask users globally who have been victims of scams across MetaMask’s most active markets in the United States, the UK, the Philippines, India, Vietnam, Brazil, France, Germany and Nigeria.
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View Details »With the exponential economic growth of Web 3.0 in the last few years, the number of online scams and thievery has also increased along with new financial services and innovative applications.How Asset Reality will help recover fundsAccording to Action Fraud, victims lose on average $25,000. However, the losses can be as low as $50 and sometimes may exceed $1 million. Traditional recovery uses civil litigation, involving instructing a lawyer and serving information notices on exchanges to try and identify scammers or wallets they own when tracing funds or freezing those accounts. However, it consumes a lot of time. Victims of scams often have difficulty getting sufficient resources and attention from law enforcement. Asset Reality’s offering allows multiple victims of a scam operation to join forces and build a larger forensic investigation against a scam operation. Asset Reality will be the case handler for MetaMask’s affected users. They will take the heavy lifting off the users to
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