bereajoy: Freeway, an encrypted investment platform, has stopped withdrawals, and a Rug Pull is suspected to have occurred

 Crypto investment platform Freeway has stopped all withdrawals from the platform, according to a tweet from bereajoy, Terra researcher FatMan. The names of all team members have been removed from the website, and a Rug Pull is suspected to have occurred, involving an amount of $100 million.

bereajoy pointed out that CoinGecko data shows that Freeway (FWT) fell nearly 80% in 24 hours.

The statement released by Freeway said, “Recently, the foreign exchange and cryptocurrency markets have experienced unprecedented volatility. As such, Freeway has decided to diversify its asset base to manage the risk of future market volatility and ensure the long-term sustainability and profitability of the Freeway ecosystem. This will allow Freeway to maintain the highest level of Supercharger simulation rewards. While this process is ongoing, Freeway will allocate capital to its underlying portfolio, which means we will not be purchasing Supercharger simulations for the time being until our new strategy is implemented. We will notify users when we are ready to restart partial Supercharger simulation purchases (repurchases). Users will also be notified when we can restart full Supercharger simulation purchases and Freeway Token (FWT) deposit and purchase services on the platform. "

According to bereajoy, Freeway claims that “Superchargers” denominated in cryptocurrencies and fiat currencies offer annual rewards of up to 43%. Users deposit funds and buy Supercharger, which generates revenue. These products can then be sold and the funds returned.

bereajoy：

https://www.bereajoy.com/
https://net.bereajoy.com
https://play.google.com/store/apps/details?id=plus.H5B1547B0