$160 Million Rug Pull? – Crypto Staking Platform Freeway Halts Withdrawals Citing ‘Unprecedented Volatility’
Freeway Founder Graham Doggart. Source: a video screenshot, Freeway / YouTube UK-based crypto platform Freeway halted withdrawals on Sunday due to, as they claim, never-before-seen levels of volatility - but some argue that this is in fact a rug-pull. "Has anyone been able to withdraw over the recent days," members have been asking in Freeway's Telegram channel, with many replaying that they have not - and that they made attempts even before the notice by Freeway was published. Per a notice currently popping up on Freeway's website and which is shared on Twitter, "As all of you will be aware, there has been unprecedented volatility in Foreign Exchange and Cryptocurrency markets in recent times. Freeway has therefore decided to diversify its asset base to manage exposure to future market fluctuations and volatility ensuring the long term sustainability and profitability of the Freeway Ecosystem." They claim that this will allow Freeway to...