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Freeway Halts Services Following Unprecedented Volatility

Published date:

February 2, 2026

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“While this process is ongoing, Freeway will be allocating capital to its underlying portfolio and this means for a temporary time we will not be buying Supercharger simulations until our new strategies are implemented.”

Crypto staking platform, Freeway, has halted transactions and services related to its Supercharger product. Citing unprecedented volatility in the Foreign Exchange and crypto markets, the DeFi platform is temporarily halting the purchase of Supercharger simulations.

The company announced this development in a Twitter post.

As all of you will be aware, there has been unprecedented volatility in Foreign Exchange and Cryptocurrency markets in recent times. pic.twitter.com/9aHsWbm1So
— Freeway (@FreewayFi) October 23, 2022

In its defense, Freeway emphasized its effort to diversify its asset base so as to manage future fluctuations and volatility. It believes this move will enable Freeway to maintain the highest level of Supercharger simulation rewards.

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This news has not been welcomed by users. They are expressing concerns due to the recent similar occurrence with other exchange platforms. Users are wondering if withdrawals will be allowed and if Freeway will toe the line of bankruptcy like crypto platforms Celsius, Voyager, and 3AC.

Although Freeway is yet to answer these questions, one of its moderators has advised users to fill out a support ticket. The moderator stated Freeway couldn’t say anything till further official announcements.

Following these, Freeway has seen a massive decline in its trading volume. The Freeway token (FWT) has reportedly dropped by more than 75% in the last 24 hours. With a market cap of roughly $70 million before the crash, the platform is now trading at $10 million. On-chain data also reveals that its biggest investors have lost over $16,000 during the crash.

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Chiagoziem Bede Ikwueze

Written by:

Chiagoziem Bede Ikwueze

Writer

Chiagoziem has gathered a wealth of experience, having worked for many prominent crypto-based businesses, including Revain, Whiteboard Crypto, DeRev, The Crypto Cartel, Crypto News, MoneySwitch, Full Value Dan, and Bitcompare. Over the past couple of years, his works have been featured in many publications and places. When he is not writing, he spends time working on his other digital businesses, playing video games, reading books, watching movies, and most importantly, enjoying quality time with loved ones.

About the Author

Chiagoziem has gathered a wealth of experience, having worked for many prominent crypto-based businesses, including Revain, Whiteboard Crypto, DeRev, The Crypto Cartel, Crypto News, MoneySwitch, Full Value Dan, and Bitcompare. Over the past couple of years, his works have been featured in many publications and places. When he is not writing, he spends time working on his other digital businesses, playing video games, reading books, watching movies, and most importantly, enjoying quality time with loved ones.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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