Metamask Wallet has announced a partnership with Asset Reality – the latter is a platform that allows access and recovery of confiscated crypto and digital assets – to help users recover stolen assets.

The service is free, but users have to pay a fee for the services provided.

Recover stolen cryptocurrency:

Metamask has more than 30 million monthly active users, and is one of the largest user-accessed wallets globally.

The rising popularity of cryptocurrencies has led to an increase in fraud and phishing cases targeting crypto users.

Since Metamask does not have access to users’ funds, tackling scams involving stolen assets is a major challenge.

Read:Thailand: Arrest of a gang defrauding $ 16 million in the name of investing in cryptocurrency

The decentralized nature of cryptocurrencies based on the anonymity and immutability has made it difficult for entities to trace and recover stolen funds.

The new partnership aims to help users recover their digital assets, with Asset Reality taking charge of the fraud investigation, according to the official announcement.

The new service will be available to all Metamask users globally.

pointed Statement Victims need to report their losses through the official “Metamask” platform to initiate procedures for the possibility of recovering the stolen funds.

Aidan Larkin, CEO of Asset Reality, viewed the partnership as an important step in filling gaps in the crypto industry, adding:

When a user has stolen money, they often have nowhere to turn.

So he is facing a very difficult time emotionally and financially.

Asset Reality reported that the traditional procedure requires victims to pay a large amount of fees in the respective litigation processes.

To change the way things are done, the company will bring the victims together as a team to pursue teamwork.

In this way, even users with a simple loss can recover their assets.

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What are the recovery steps?

First, victims have to report their losses to Metamask and then start an investigation.

Read:Move and transfer over 34,000 BTC from whale addresses in the last 24 hours

Secondly, Metamask’s customer support team documents all the details related to the incident, including the amount of money lost, information about related phishing sites, etc., and then the wallet provider transfers the cases to Asset Reality, which will keep the victims Keep up to date on the status of their case as the investigation progresses.

It should be noted that although the service is offered free of charge to Metamask users, victims who wish to take legal action need to pay litigation fees.

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