Cryptocurrency platform Freeway has suspended transactions and services related to the “Supercharger” product until further notice.
Cryptocurrency platform Freeway has suspended some of its services, citing “unprecedented volatility” in the forex and crypto markets in “recent times.”
23 post, the platform announced that it is stopping buying, staking and will “not purchase Supercharger simulations until our new strategies are implemented.”
According to the Freeway website, their “Superchargers” product can provide an annual return bonus of up to 43%.
As a centralized platform, Freeway bills itself as combining the best of traditional finance with the best of decentralized finance (DeFi).
Freeway hasn’t provided any specifics on its new strategies, but in the announcement it plans to “diversify its asset base” and “manage its exposure to volatility.” future market.”
News of the suspension of some services has caused the Freeway (FWT) token to drop more than 75% in the past 24 hours.