The move follows reports from some riders that they had experienced 'stronger than expected braking force on the front wheel.'
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Citi Bike said it is taking the bikes off the streets out of an abundance of caution.
The company said it is working on a new pedal-assist bike that will be accessible just by scanning a QR code.
The pedal-assist bikes will be replaced with classic pedal bikes.
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The announcement came in a service update to 150,000 members Sunday morning.
"We know this is disappointing to the many people who love the current experience - but reliability and safety come first," the statement said.
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