• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, August 10, 2022
Online Crypto College
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
Online Crypto College
No Result
View All Result

Crypto Scam Victims Can Recover Their Funds With MetaMask, Asset Reality Mechanism

May 29, 2022
in Bitcoin
Reading Time: 3 mins read
A A
ShareShareShareShareShare

Related articles

Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next?

August 10, 2022

Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility With up to 86 MW of Capacity – Mining Bitcoin News

August 9, 2022

Crypto scam victims can now heave a sigh of relief. Popular crypto wallet MetaMask has recently partnered with Asset Reality, a London-based specialist in digital asset scam investigations and recovery, to facilitate helping scam victims with getting back their stolen crypto assets.

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

Suggested Reading | Paraguay Approves Crypto Regulation Bill Via 40-12 Vote

MetaMask And Asset Reality Join Forces

MetaMask currently has 30 million active users per month and aims to safeguard the privacy and security of its users by taking a global and advanced approach because traditional recovery processes can be tedious, expensive, and time-consuming.

Asset Reality invites all victims of scams or fraudulent operations to come together to enable a large-scale crypto forensic investigation for free to users of MetaMask. On the other hand, users will have to cover the legal fees once they decide to escalate and file criminal charges.

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 🦊💙 (@MetaMask) May 26, 2022

But, the two firms will help out when the legal costs become unbearable by leveraging a group arrangement to spread the costs.

More companies express their intention to participate and help crypto scam victims, such as Consensys, a blockchain analytics firm, which will also be tapped into for covering the large-scale crypto scams.

MetaMask will be providing users with an interface to report any crypto scams. Then Asset Reality will step in to keep users in the loop with the status of the cases against cybercriminals in the crypto space.

Crypto total market cap at $1.19 trillion on the weekend chart | Source: TradingView.com

Crypto Scam Victims Need To Come Out

MetaMask co-founder Dan Finlay believes it’s extremely important for scam victims to file complaints even if it’s a relatively small amount, to begin with. This is pivotal to accelerating investigation, prompting proper and speedy legal actions.

Crypto scams have swindled or stolen hundreds to millions of dollars in crypto value. It has been an emotional and mental torture for victims of these crypto scams and hacks online, mainly because they feel stuck or in a vacuum while the perpetrators are mapping out the next attack. It has been tormenting on the financial, physical, and emotional levels.

Suggested Reading | Binance Gets Clearance To Operate In Italy After 2021 Ban

Speedy recovery of stolen digital funds is now possible with the new solution or mechanism that MetaMask and Asset Reality have in place. It aims to heighten the security levels of the Web3 ecosystem. The strategy includes educating users about crypto hacks and scams, enhancing security protocols, and upgrading the backup of digital assets.

Featured image from KSLA, chart from TradingView.com


Credit: Source link

ShareTweetSendPinShare
Previous Post

Nicole Buffett Shares Her Opinion and Love for NFT Art

Next Post

Building Bitcoin To Last For Centuries

Related Posts

Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next?

August 10, 2022

Uniswap price at the current moment has displayed a downward movement on its chart. The coin lost the $9 price...

Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility With up to 86 MW of Capacity – Mining Bitcoin News

August 9, 2022

On Tuesday, the bitcoin mining company Cleanspark announced it acquired a plug-in-ready bitcoin mining facility that is scalable to 86...

What The Impending “Triple Halvening” Means For The Future Of Ethereum

August 9, 2022

The Ethereum Merge draws closer with each passing day, and the anticipation in the market is palpable. There are a...

Ethereum Investors Close 300k Long Positions on Bitfinex, Rally To Stop Soon?

August 9, 2022

Data shows around 300k in ETHUSD long positions have been closed on the Bitfinex Ethereum futures market, something that could...

These Are the Crypto Economy’s 5 Most Expensive Assets per Unit in August 2022 – Markets and Prices Bitcoin News

August 9, 2022

On July 18, 2021, Bitcoin.com News researched the top five most expensive crypto assets and at that time there were...

Load More
Next Post

Building Bitcoin To Last For Centuries

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ethereum Offshoots On Horizon As Crypto Miners Pushback

August 7, 2022

Nigerian Anti-Graft Body Identifies Individuals Fueling the Naira’s Rapid Depreciation – Emerging Markets Bitcoin News

August 9, 2022

CommerceBlock CEO slams US Treasury Department’s crackdown on Tornado Cash, says it ‘makes little sense’

August 8, 2022

Magnificent Start For Uniglo (GLO) Presale

August 4, 2022

Voyager users to have withdrawal access by Aug. 11

August 5, 2022

About Us

This is an online news portal that aims to provide the latest Crypto news, Altcoins, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next?
  • Iran Places First Official Import Order With Cryptocurrency Worth $10 Million – Regulation Bitcoin News
  • The future of social media and protecting user data in web3 w/ Lens Protocol and the Aave companies

Newsletter

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$22,863.00-4.38%
  • ethereumEthereum(ETH)$1,672.82-5.89%
  • tetherTether(USDT)$1.00-0.25%
  • usd-coinUSD Coin(USDC)$1.00-0.27%
  • binancecoinBNB(BNB)$316.28-2.85%
  • Binance USDBinance USD(BUSD)$1.00-0.21%
  • rippleXRP(XRP)$0.361177-4.81%
  • cardanoCardano(ADA)$0.51-5.01%
  • SolanaSolana(SOL)$39.34-7.72%
  • polkadotPolkadot(DOT)$8.66-6.26%
  • dogecoinDogecoin(DOGE)$0.068302-3.73%
  • AvalancheAvalanche(AVAX)$27.63-2.37%
  • daiDai(DAI)$1.00-0.13%
  • Lido Staked EtherLido Staked Ether(STETH)$1,615.01-6.17%
  • matic-networkPolygon(MATIC)$0.88-5.34%
  • tronTRON(TRX)$0.068389-3.18%
  • Shiba InuShiba Inu(SHIB)$0.000011-13.35%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,926.00-3.96%
  • ethereum-classicEthereum Classic(ETC)$37.08-2.63%
  • leo-tokenLEO Token(LEO)$4.942.76%
  • OKBOKB(OKB)$17.94-2.63%
  • litecoinLitecoin(LTC)$58.55-6.79%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.32-2.97%
  • FTXFTX(FTT)$29.32-6.96%
  • chainlinkChainlink(LINK)$8.44-3.47%
  • UniswapUniswap(UNI)$8.38-5.29%
  • CronosCronos(CRO)$0.144029-5.17%
  • cosmosCosmos Hub(ATOM)$10.82-9.59%
  • FlowFlow(FLOW)$2.94-4.91%
  • stellarStellar(XLM)$0.120468-0.65%
  • moneroMonero(XMR)$158.17-6.63%
  • bitcoin-cashBitcoin Cash(BCH)$132.70-7.93%
  • algorandAlgorand(ALGO)$0.342423-9.83%
  • vechainVeChain(VET)$0.029626-6.99%
  • ApeCoinApeCoin(APE)$6.85-7.50%
  • filecoinFilecoin(FIL)$7.98-9.18%
  • Internet ComputerInternet Computer(ICP)$7.75-6.98%
  • ChainChain(XCN)$0.0895221.86%
  • decentralandDecentraland(MANA)$1.02-7.68%
  • HederaHedera(HBAR)$0.074191-7.56%
  • The SandboxThe Sandbox(SAND)$1.28-6.43%
  • QuantQuant(QNT)$120.74-6.64%
  • tezosTezos(XTZ)$1.77-7.38%
  • Axie InfinityAxie Infinity(AXS)$17.39-7.01%
  • theta-tokenTheta Network(THETA)$1.51-7.54%
  • ElrondElrond(EGLD)$61.17-8.73%
  • FraxFrax(FRAX)$0.98-2.33%
  • AaveAave(AAVE)$97.18-6.05%
  • Lido DAOLido DAO(LDO)$2.24-3.82%
  • true-usdTrueUSD(TUSD)$1.00-0.15%