The cryptocurrency investment platform Freeway announced the suspension of services, and its token FWT plummeted over 80%

ChainCatcher news, according to The Block, the crypto investment platform Freeway announced on Sunday that it has halted services, causing its token FWT to drop over 80% in the past 24 hours, currently trading at $0.00145. Users on Telegram are unclear about the exact nature of the situation.

It is reported that Freeway is a staking investment platform that offers annual rewards of up to 43% on its "Supercharger" products, which are priced in cryptocurrencies and fiat currencies. Users deposit funds and purchase yield-generating products, which they can then sell back and redeem their funds. (The Block)