Crypto staking platform Freeway stopped user withdrawals earlier this week because one of its trading strategies didn’t work and the market was in a bad place.
The crypto yield platform announced on Oct. 23 that it was stopping all transactions related to its high-yield “Supercharger” product. At the time, it cited “unprecedented volatility” as the reason, but didn’t give any more details. This caused the price of its tokens to drop.
Related: The DOJ doesn’t like that Celsius wants to reopen withdrawals and sell stablecoins.
