Cryptocurrency platform Freeway said it would take time to resume trading. The company is now working on a quadripartite recovery plan.
In a message to the Freeway community, the recovery steps include using a “controlled environment to maintain management and growth of remaining funds,” a new diversification strategy, and launching an “Earn and Protect” program.
Freeway also plans to deploy “large funding in a completely new product”, however, did not provide more details. The project team drew the attention of users that it would “need more time” before a decision was made to resume services.
“Unfortunately, the trading losses incurred have drastically impacted the Freeway portfolio. We are taking steps to protect the remaining funds and have abandoned unprofitable strategies,” the statement reads. message Freeway on Twitter.
As a reminder, the Freeway cryptocurrency platform has suspended the service until further notice, citing an unprecedented rally in the US dollar along with cryptocurrency volatility.
Source: Bits
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