{"id":68984,"date":"2022-10-24T09:57:06","date_gmt":"2022-10-24T06:57:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68984"},"modified":"2025-09-07T17:18:06","modified_gmt":"2025-09-07T14:18:06","slug":"freeway-staking-platform-halts-withdrawals","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/freeway-staking-platform-halts-withdrawals\/","title":{"rendered":"Freeway staking platform halts withdrawals"},"content":{"rendered":"<p>Freeway&#8217;s staking platform froze withdrawals of blocked funds and removed from the site any mention of team members.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Two hours ago, Freeway halted all platform withdrawals. They also wiped the names of all team members from their website. It looks like it&#8217;s over. Another $100m+ rug. <a href=\"https:\/\/t.co\/CUHZRygRGM\">https:\/\/t.co\/CUHZRygRGM<\/a> <a href=\"https:\/\/t.co\/BJE4QMtkPy\">pic.twitter.com\/BJE4QMtkPy<\/a><\/p>\n<p>\u2014 FatMan (@FatManTerra) <a href=\"https:\/\/twitter.com\/FatManTerra\/status\/1584247387941351424?ref_src=twsrc%5Etfw\">October 23, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>An analyst going by the handle FatMan suggested that this is a <span data-descr=\"the practice of pumping up the price of a created token followed by a sharp withdrawal of funds, leaving users with devalued assets\" class=\"old_tooltip\">rug pull<\/span>.<\/p>\n<p>The platform&#8217;s management attributed the decision to volatility in fiat currencies and digital assets.<\/p>\n<p>Over the last 24 hours, the project\u2019s native token \u2014 FWT \u2014 tumbled 72.6%. Its market cap fell to $11.25 million.<\/p>\n<p>According to Immunefi, in the third quarter of 2022 the ecosystem&#8217;s losses from hacks and fraud amounted to $428.7 million, <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a>; nine scam cases, including rug pulls, accounting for $29.8 million.<\/p>\n<p>In June, the staking platform Finblox reduced withdrawal limits for verified users amid issues with <a href=\"https:\/\/u1f987.com\/en\/news\/three-arrows-capital-co-founder-breaks-silence-amid-insolvency-rumors\">the hedge fund Three Arrows Capital<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Freeway&#8217;s staking platform halted withdrawals of blocked funds and removed from the site any mention of team members.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,1289],"class_list":["post-68984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-cryptocurrency-staking"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=68984"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68984\/revisions"}],"predecessor-version":[{"id":68985,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68984\/revisions\/68985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=68984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=68984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=68984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}