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Freeway has rug pulled on investors after halting withdrawals, according to crypto analyst FatManTerra, who also alleged that the firm operated a Ponzi scheme.
Press release content from NewMediaWire. The AP news staff was not involved in its creation.
Despite the potential of blockchain technology to revolutionize global trade without the need for centralized financial institutions or other middlemen like banks, the cryptocurrency industry is plagued by frauds that usurped investors' funds worth over $7.7 billion in 2021
Blockchain security firm PeckShield confirmed that the developers of Blur Finance have rugged the project and made away with $600,000.
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