Dear Freeway Community Thank you for your patience during this really difficult time. We know you have all had questions about what has happened and what the next steps are going to be. The following is our understanding: One of Freeway’s trading strategies appears to have failed and caused a substantial loss to be incurred due to unexpected market volatility. Two simultaneous converging factors contributed to this: the unprecedented USD rally and crypto volatility. It is important to note that the custody services and trade execution carried out by the Ardu Prime Brokerage had nothing to do with this failure. The trading strategy was executed as it was programmed, but the market volatility caused a spike in margin utilisation leading to the loss. Ardu continues to be a trusted service provider. In addition, the strategy used by us in our Earn and Protect product beta has been verified as operating well and has hard stop losses fully in place and executed at the brokerage level. Unfortunately, the trading loss that has been incurred has dramatically impacted Freeway’s portfolio, but, having been made aware of these losses we are taking steps to secure Freeway’s remaining funds, and have already moved out of the loss-producing strategy. We are also bringing in new expertise to manage the remaining funds whilst we run multiple recovery plans in parallel, each, in our view, capable of recovering our position fully. Each recovery plan is independent. The first recovery plan is the management and growth of remaining funds with an experienced governance team working behind the scenes that can maintain a more controlled environment and follow similar models to those we have created for Earn and Protect. The second recovery plan is a strategy we started back in June as a diversification opportunity and is showing a lot of positive potential. The third recovery plan is a strategy involving deploying major new funding in a totally new product with impressive projected profitability. We are not in a position to release details of that strategy until the funding has been finalised. Our fourth recovery plan is centred around really getting Earn and Protect off the ground, with all of its user protections, safeguarded by the AuBit Reserves Foundation. The faster we move on all fronts, the faster the recovery will happen. In order for us to resume Supercharger buy-backs we need to be in a position to execute safely. We will therefore need to see significant inroads into the losses before that can happen, and that will take time. We would be grateful for your continued support and patience during that period. We know that it is common for disasters in this sector to result in no resolution. This is not our position at all. This is going to be a tough road for us, but we will be driven, dedicated and resolute in our efforts to obtain the right outcome for the members of our community. During the time from now until we are able to recommence partial, and then, eventually, full Supercharger simulation purchases (buy-backs), we will be involving the community in a voting system to better understand your views on the actions we approve. We will also request permission from our compliance team and/or external legal advisers wherever possible to share detailed progress reports with our community, including information that is usually considered to be only available internally in similar situations. We know your next question is going to be about the length of time involved. We do not have an immediate answer for this. But rest assured we will be pressing on as hard and as rapidly as possible. It is in nobody's interest to delay. As soon as we have tangible and reliable estimates of time frames we will share what we can. We intend to get more updates out and to resume regular communication as soon as possible.