FRWT multi crypto wallet appeared on the market at the beginning of the year. The wallet was not very popular (fortunately), but just the other day the developers launched active marketing promotion of the application. Therefore, we want to warn you: FRWT is a scam. Please read this review so that you won't lose your coins!
What is FRWT?
According to the developers, this is the newest, safe, reliable and convenient DeFi application. The creators of the project claim that their wallet is non-custodial, which means that only the user has private keys. But this is a lie. In fact, FRWT is nothing more than a new version of the long-known scam application Freewallet. Therefore, first of all, read some reviews of clients of the previous version. You will see for yourself that thousands of users have already lost assets due to Freewallet. Frwt is the same scam!
This is the screenshot from Freewallet’s official website. As you see, they introduce “new” wallet to the users. That is, the administration does not even hide the fact that both applications have the same developer. The only exception is that the advertising descriptions emphasize that the new wallet is non-custodial. This is not true! The administration has the ability to block your account at any time. Don't believe me? Then look at the excerpt from the terms of use published on the FRWT website.
Attention: FRWT KYC scam!
Some users claim that after they have deposited funds into their Freewallet accounts, the administration suddenly imposes strict KYC verification requirements. Even after providing the requested documents, users report that their accounts remain locked, with no access to their funds. The users’ funds are essentially frozen indefinitely, which has led to accusations that the platform might be using KYC as a pretext to seize or withhold funds.
If you take a look at FRWT terms of use you’ll see that administration can block accounts in the same way as Freewallet does. FRWT also can use KYC fraud as a method of deceiving clients!
For example, In 2020, a user with the nickname kfares started a freewallet wallet to accept payments for work. It seemed to him that everything was in order, the assets were stored in a safe place. But in 2023, kfares tried to withdraw the coins, and were unable to do so. The administration simply froze his account. The victim sent scans, photographs, and filled out a questionnaire. But nothing helped. Freewallet support simply ignored all requests.
FRWT may do the same things to steal your coins! Never download this app!
Freewallet-report@tutanota.com
We published this text not only to warn potential victims of deception. There is a possibility that many will read the material after the FRWT administration has blocked their assets. Even in such a situation, you should not lose hope!
Email us and share your story. We guarantee complete anonymity. Our goal is the joint struggle of those who suffered at the hands of Freewallet/FRWT. Fraudulent app developers must be held accountable, and if your coins are stolen by the administration, do not give up. We need to work together to achieve punishment and return of stolen assets.