The mess of The Rock Trading, all the news
Searches in progress by the Guardia di Finanza in the headquarters of The Rock Trading. There are two hypotheses of crime at the moment: embezzlement and fraud. Investors can only view the deposit but not withdraw their money
There are two prosecutors who want to shed light on what happened in the "oldest" Italian cryptocurrency exchange platform, conduct that led to the suspension of activities and could have criminal implications. On The Rock Trading the magistrates of Florence and now also of Milan are investigating after the users involved, from the Telegram group in which they had gathered to evaluate the class action, decided to take action, denouncing what they consider a real scam against them. For this reason, the Milanese Public Prosecutor's Office is currently proceeding with two types of crime: embezzlement and fraud.
THE ACCUSATIONS OF INVESTORS
Investors complain that they are no longer able to monetize their bitcoins, but only check accounts and movements. After all, a few weeks ago the company announced that it was forced to «interrupt the operation of its platform due to difficulties encountered in managing liquidity. We are conducting internal checks to identify the causes of the problem and evaluating the adoption of all appropriate or necessary initiatives to protect customers and other stakeholders".
GDF IN THE ROCK TRADING OFFICES
According to what was reported by Adnkronos , the Guardia di Finanza of Milan today carried out searches in the offices of The Rock Trading. The investigation, conducted by the economic and financial police unit and by the special currency police unit of the Gdf and coordinated by the deputies Eugenio Fusco and Tiziana Siciliano and by the prosecutors Francesco Cajani and Maura Ripamonti, stems from some complaints from investors who were no longer able to get your money back.
To get an idea of the economic proportion, the Corriere reports that last week an online survey had collected the affirmation of at least 500 people that they hold at least 10 million euros at The Rock Trading. According to several analysts, the available documents would reveal no less than two significant stumbling blocks on the part of the managers: the review of the 2021 financial statements, made in November 2022, shows a shortfall of 900 thousand euros in Ethereum, furthermore there would have been an investment in the Ftx platform, which as you know it went bankrupt last autumn.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/il-pasticciaccio-di-the-rock-trading-tutte-le-novita/ on Wed, 01 Mar 2023 14:59:36 +0000.