Crypto yield scheme Freeway has paused withdrawals on its platform, prompting its token (FWT) to plunge by more than 70% in value. The company, formerly known as AuBit, allows users to buy “Superchargers,” which simulate a range of cryptocurrencies. According to Freeway, holders then begin receiving daily rewards, with total possible annual rewards of up to 43%. In a statement posted to its website and on Twitter on Sunday, Freeway said it had decided to diversify its assets to ensure the long-term sustainability and profitability of the system. The move was framed as a response to volati ...
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