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!
