According to The Block, crypto investment platform Freeway halted services on Sunday, triggering a significant decline in the value of its in-house token. The token has dropped by more than 80% in the past 24 hours and users on Telegram were unclear as to the exact nature of the situation. The Freeway token is trading at $0.00110245, according to CoinGecko. Freeway claims to offer up to 43% annual rewards on so-called "Superchargers" denominated in crypto and fiat currencies. Users deposit funds and purchase Superchargers, which generate yield. These products can then be sold back and the funds returned back. However, Freeway said in its statement that "we will not be buying Supercharger simulations until our new strategies are implemented." A discussion erupted on the company's Telegram channel, with one user saying: "I can’t liquidate my supercharger and get my funds bc FREEWAY is 'temporarily' not buying back the superchargers they sold me." Freeway wrote: "We will notify you when we are ready to recommence partial Supercharger simulation purchases (buy-backs) and then again as we can recommence full Supercharger simulation purchases as well as on platform Freeway Token (FWT) Deposits and Buys."
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