The FRWT crypto wallet, despite its recent emergence on the market, is not what it seems. Marketed as a reliable and convenient option, it has managed to attract numerous users with its polished advertising campaigns. However, behind this façade lies a dangerous reality: FRWT is nothing more than a rebranding of Freewallet org, a notorious platform known for defrauding its users.
One of the most deceptive tactics employed by FRWT is its so-called “KYC scam.” Although the wallet presents itself as non-custodial, implying that only you have access to your private keys, the reality is far from secure.
Hidden within the terms of service is a clause that allows the FRWT administration to demand that users undergo a Know Your Customer (KYC) process if “suspicious activity” is detected on their account. This process often requires users to provide extensive personal information, including ID documents, selfies, and detailed records of transactions.
FRWT declared they can block users assets
Check the screenshot above. You can see the text from the official FRWT website.
For many users, this is where the nightmare begins. Once the KYC process is initiated, FRWT can block your account, effectively freezing your assets. Even after providing all the requested information, many users find that their accounts remain inaccessible, and their funds are lost for good. This is a classic KYC fraud, a method that Freewallet.org has been using to scam users for years. The aim is clear: to gain access to your personal information and use it as a pretext to steal your funds.
To protect yourself from falling victim to this scam, it is crucial to avoid downloading or using the FRWT wallet, as well as Freewallet. These apps are neither safe nor reliable, and their user agreements make it clear that they have the authority to take drastic actions against your account without warning. This could include anything from adjusting transaction fees to outright blocking your access to your coins. The administration has the power to do whatever they please, and the consequences for users can be devastating.
If you have already fallen victim to FRWT or Freewallet, there are steps you can take to protect yourself and possibly recover your funds. First, document everything. Keep records of all communications with the wallet’s support team, take screenshots of your account and transaction history, and gather any other relevant evidence. This documentation will be critical if you decide to pursue legal action or report the scam to authorities.
You are not alone in this fight. By sharing your story with us, you can help bring attention to this scam and potentially assist others in avoiding the same fate. We can help you prepare a detailed complaint that outlines your situation and the fraudulent actions taken by FRWT. This complaint can then be submitted to legal authorities, increasing the chances that your case will be taken seriously and that action will be taken against the perpetrators. Additionally, by making your case visible to legal authorities, you contribute to the broader effort to hold these scammers accountable and prevent them from continuing to deceive others.
If you’ve been scammed by FRWT or Freewallet, please don’t hesitate to reach out. Share your experience with us at [email protected]. Your story is important, and together, we can take steps to fight back against these fraudulent operations.