The MetaMask digital wallet, initially designed by ConsenSys to interact with the Ethereum blockchain (ETH), needs no introduction. Since then, MetaMask has become compatible with many other blockchains (BSC, Polygon,…). This success comes with its share of thieves, ready to empty the wallet of unlucky users. This is where Asset Reality comes in, to help fight against these crooks.
Metamask and Asset Reality together to protect crypto-users
Since its launch by ConsenSys in 2016, the MetaMask wallet has been an ever-growing success, with over 30 million users worldwide today. Especially since the digital wallet can be used with all blockchain networks compatible with the Ethereum Vitrual Machine (EVM).
In a press release published this May 26, 2022, the development company ConsenSys announces its association with the team of investigators from Asset Reality. The latter are specialized in supporting victims of fraud involving cryptocurrencies.
Asset Reality’s help for MetaMask users experiencing scams or theft will be available in many countries. This includes the United States, India and Brazil, as well as Europe, especially France.
Asset Reality brings victims together to recover their cryptos
According to the release, conventional procedures – which are not adapted to the cryptosphere – can sometimes exceed costs of $75,000, and requires the assistance of a lawyer.
Asset Reality’s – free – service therefore offers several victims of a MetaMask scam to join forces, to set up a larger investigation against the scammers/thieves. It will also make it easier for many to cover potential legal costs if they decide that a recovery option for their funds may be cost effective.
“Helping users investigate and recover lost funds is a strategic tool (…) Through this partnership with Asset Reality, ConsenSys and MetaMask want to enable victims to band together. This is to build cases against these scams, and to bring them to justice. It is very important that the victims of piracy come forward, even if they are few in number. They could be the starting point for a larger investigation. And thus create the possibility of aggregating the claims to start a potential legal action”.Dan Finlay, co-founder of MetaMask.
As we can see here, MetaMask and its management company ConsenSys intend to strengthen the security of users, both before and after any embezzlement attempt. A serious security is essential to attract very demanding and intentional investors, as MetaMask aims to do.