Freeway Hack

Freeway protocol halts services due to "unprecedented volatility". The names and photos of the team members were deleted from the project's official website.

Freeway is a staking platform promising 43% annual returns. The platform provided Supercharge simulations staking and collected various types of assets including $BTC, $ETH, $BNB, and popular stablecoins from users. The project halts withdrawals citing "unprecedented volatility".

The names and photos of the team members were deleted from the official website after an official announcement. The $FWT token price dropped by more than 75% in 24 hours. The team tweeted on 23rd October that the project decided to "diversify assets base" and the project temporarily will not buy Supercharger simulations until the project's "new strategies will be implemented".

The $FWT token's market cap dropped from 75,000,000 to nearly 15,000,000 $USD after an incident. Estimated funds lost is roughly 60,000,000 $USD.