New dangerous crypto scam: Frwt multi crypto wallet

Be careful! A new dangerous cryptocurrency scam has appeared on the Internet! Under the guise of a wallet, coins are simply stolen from clients. It is very difficult to return assets, because the scammers themselves have written down in the service rules their “right” to block your coins!

What is Freewallet KYC fraud

Look at the screenshot above. You see several reviews in which clients complain that they cannot withdraw assets. This deception scheme is called KYC fraud. Its essence lies in the fact that, under the pretext of identifying the client, the victim’s wallet is blocked. Further, the application administration simply ignores the requests. Back in 2016, scammers from Freewallet began using a similar scheme.

Freewallet org is a complete scam

To realize what a Freewallet KYC scam is, just check some reviews. Only on one resource alone (sitejabber), we counted 26 such complaints. Now let’s see what they write about Freewallet on one of the largest forums dedicated to cryptocurrency, Bitcointalk:

“When you deposit it all looks OK. I got account suspension after the very first transaction for withdrawing funds to ETH wallet (about $100 value). The system thought it “suspicious” and they didn't want to give me any cent back without proper “identification”.
“I have the same issue with Freewallet, I already sent them pictures, documents and videos, and they just request more and more videos of each transaction, I have lost more than 500K. I am looking for help, please”.
“until now freewallet has not returned my funds, they still hold my funds”.

According to our data, more than 2 thousand clients have already become victims of Freewallet. But app store moderators began to respond to user complaints. Therefore, Freewallet was simply removed from Google Play. But that didn't stop the scammers!

Frwt crypto wallet is the same scam!

Scammers created another app with a similar name, FRWT. It is the same Freewallet and it uses the same method of fraud.

According to our data, the service was founded by Russian citizen Dmitry Gunyashov. A native of St. Petersburg as of 2022, was registered in Russia, at the address St. Petersburg, Engelsa Avenue, building 111, apartment 516. At the same time, on Gunyashov’s Facebook page it is indicated that he lives in Portugal, and his business connections lead to London, where the Cryptopay office is located at 8 Devonshire Square. Despite this, Gunyashov still uses the Russian phone [phone] for communication.

We encourage all those affected by the old Freewallet application and its new version FRWT to write complaints and seek a complete blocking of services. But even this will not help to return the stolen money.

[e-mail]

If you have lost your coins because they were blocked under the pretext of verification, do not waste time! Contact us via email [e-mail].

Your possible next steps should be:

1. Take screenshots confirming the presence of assets on your balance sheet and correspondence with the administration.

2. Tell the whole story: when you created the wallet, how much money you saved, when you noticed that it was blocked. This will be the basis of your statement to law enforcement.

3. Give us screenshots and information about what happened. You can erase your personal data. Our lawyers will prepare a crime statement (victims statement), but for this you need to know the country and city of your residence.

4. After we send the approximate text of the application, submit it to law enforcement officers. In some countries this can be done online.

We, in turn, as soon as the application is submitted, will publish your story on our resources and send appeals from our non-governmental organization to the supervisory authorities in order to achieve impact on Freewallet. If everything is done quickly, then there is a chance that the assets will be returned just as quickly.

And of course, never use either Freewallet or FRWT. These apps are owned by scammers! Don’t let them steal your money!