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Market News

Metamask Comes Up With a Plan to Help Crypto Scam Victims

MetaMask has partnered with London-based specialist Asset Reality, to investigate and recover stolen crypto assets.

Written By Ritu Lavania
Published 2022-05-27·Updated 2 years ago
Make The Crypto Times preferred on GoogleGoogle
Metamask Comes Up With a Plan to Help Crypto Scam Victims

On Thursday, the crypto wallet Metamask revealed its plans to recover the assets of the victims of crypto scams and phishing attacks.

As per the press release, MetaMask partnered with London-based specialist Asset Reality, to investigate, recover, manage, and recover stolen crypto and complex assets. Asset Reality will act as a case worker and help MetaMask users to build an investigation in case of frauds.

Today we’re happy to announce that we’ve partnered with Asset Reality (@asset_reality) to give victims of cryptocurrency scams a chance at recovering funds that have been stolen.

1/ 🧵

— MetaMask.eth 🦊 (@MetaMask) May 26, 2022

This support will be for global Metamask users including MetaMask’s most active markets in the United States, the UK, India, the Philippines, Vietnam, Indonesia, Brazil, Argentina, Mexico, France, Spain, Germany or Nigeria. 

If possible, MetaMask support will ask the users for any relevant information regarding phishing websites, vectors, and funds lost to ascertain how they were compromised.

Users can click the support link within MetaMask and start a conversation with the support team to get themselves through the process.

This decision comes as MetaMask continuously gets requests related to losses. Many of these losses involve malicious actors scheming out a phishing attack or staging social engineering, explained Alex Herman, MetaMask’s support product lead.

Aidan Larkin, CEO of Asset Reality explained that after a MetaMask user makes a report, Asset Reality will carry out an initial probe including some blockchain analytics, which provides the user an overview of what has happened. 

The recovery firm will also act as an expert witness if the user wants to be connected with a lawyer or go for a huge step.

In April, Metamask had alerted Apple users regarding possible phishing attacks targeting iCloud.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Crypto ScamMetamask
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