Official Website of The Rock Trading

As you can see by clicking on the link above and connecting to the website, "The Rock Trading", an Italian Exchange of crypto currencies based in Milan, has halted operations.

This is the message in english:

Interruption of platform operations

Milan, 17 February 2023

The Rock Trading informs that it has been necessary to interrupt the operation of its platform as of today's date, due to difficulties encountered in liquidity management.

The company is conducting internal audits to identify the causes of the problem and evaluating the adoption of all appropriate or necessary initiatives to protect customers and other stakeholders.

Further updates on the measures undertaken will be provided shortly.

Maybe many of you do not know The Rock Trading, but it was launched in 2011 by Andrea Medri e Davide Barbieri and one of the first exchanges to go live internationally. It became famous for trading Second Life's "Linden Dollar".

Some weeks ago it was reported by some users on Telegram groups that there were problems with "withdrawings" from the platform

On the 17th February 2022 users received a message via email that informed of the halting of all operations. Website has the same message and users cannot login in the platform .

It's important to underline that the exchange was registered and regulated in Italy and it was active for 12 years. It was not a semi-unknown website or a scam exchange, but in the past years (in particular between 2012 and 2018) was used a lot by Italian investors.

Useful links:

The Rock Trading on CMC

The Rock Trading on CoinGecko

News on the Italian Cointelegraph (in IT lang)

Another news with more details (in IT lang)

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This is not a financial advice. This post is just informative.

While commenting, please respect other's opinion (and mine)!

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As always, remember:

Not Your Keys, Not Your Coins.

If it sounds too good to be true, it probably is.

Cold storage is the only safe method for holding.

Invest only what you can afford to lose (and not in crazy projects with huge red flags).

DYOR

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Edit1: https://blog.therocktrading.com/chi-siamo/ as I can read here, while the company was founded and managed by two Italians, it was registered until 2018 in Malta, then moved to Italy in 2018. Early last years it was registered in the Italian official registry for these companies, called OAM (Organismo Agenti e Mediatori), where also others exchanges/platforms are present, such as Binance, Nexo, YouHodler etc..