No reason at all to be sorry. Thanks for your support.
Thanks for the merits and the attention to this, s1lverbox.
The fact that they have a bot trading on their exchange with their own customers creates an unavoidable conflict of interest. They cease to be a neutral platform and this creates wrong incentives.
Moreover, the bot also creates a serious financial risk to the exchange when bitcoin crashes. Something that can make them insolvent with their customers paying the price.
Their customers sell their bitcoins to the bot and the exchange ends up with a huge loss if the price keeps dropping and they take time to sell the bitcoins on another exchange.
I wrote about this on my August emails exchange with them and they didn't deny that they were the owners of the bot. They simple answered that my money was safe.
It's clear (at least) on their most important market, the BTCEUR, the existence of a continuous trading of small amounts, every minute. This indicates that the bot trades with itself.
Clearly, a customer's bot wouldn't do this. Which confirms that the bot is theirs.
This inflates artificially their volume and, therefore, is also a misleading tactic.
But as far as I know, they never disclosed publicly that they are running a bot on their own exchange. This is another red flag.
I don't know how serious this is under Italian law, but I'm going to also raise this issue with the Italian authorities.
Topic: The Rock Trading Scam www.therocktrading.com Exchange Review fraud opinion - page 35. (Read 36134 times)
January 04, 2019, 09:33:45 AM
January 02, 2019, 11:29:18 AM
Hello,
I made little update to the article. Coinfan do you will file legal case against them?
I made little update to the article. Coinfan do you will file legal case against them?
Thanks for your interest.
This case is already under review of an Arbitrator connected to the Italian Central Bank that has automatic jurisdiction over them (they couldn't refuse it).
Which means that inevitably the final decision will be sent to this Bank. They breached so many rules of their own TOS that they will end up fined and closed. But the postal police will also be informed of the decision.
This will take time, but I'll be here informing the community.
Keep us posted. im watching this closely.
I'm sorry
i missed this... I'm sure that i do not missed post, but i did ;( sorry again and thank you s1lverbox. 
January 02, 2019, 10:38:18 AM
Hello,
I made little update to the article. Coinfan do you will file legal case against them?
I made little update to the article. Coinfan do you will file legal case against them?
Thanks for your interest.
This case is already under review of an Arbitrator connected to the Italian Central Bank that has automatic jurisdiction over them (they couldn't refuse it).
Which means that inevitably the final decision will be sent to this Bank. They breached so many rules of their own TOS that they will end up fined and closed. But the postal police will also be informed of the decision.
This will take time, but I'll be here informing the community.
Keep us posted. im watching this closely.
January 02, 2019, 10:22:39 AM
Hello,
I made little update to the article. Coinfan do you will file legal case against them?
I made little update to the article. Coinfan do you will file legal case against them?
Thanks for your interest.
This case is already under review of an Arbitrator connected to the Italian Central Bank that has automatic jurisdiction over them (they couldn't refuse it).
Which means that inevitably the final decision will be sent to this Bank. They breached so many rules of their own TOS that they will end up fined and closed. But the Italian Postal police (which has jurisdiction over exchanges) will also be informed of the decision.
This will take time, but I'll be here informing the community.
December 31, 2018, 08:50:14 AM
Hello,
I made little update to the article. Coinfan do you will file legal case against them?
I made little update to the article. Coinfan do you will file legal case against them?
December 30, 2018, 10:55:02 AM
We all know they changed their internal policy regarding KYC/AML as an excuse and means just to selective scam as many people as they could.
The European and Italian law regarding crypto over FIAT is very well known. They have no excuses to keep your crypto and they cannot under circumstances keep hold of it as they do not own it - you do.
You articulated very well they have tried to twist the KYC/AML policy that covers Italian and European law for FIAT, then they have tried to apply that for crypto just to selective scam.
There have been several cases of some exchanges where they changed their KYC/AML policy then the customer complained saying they did not want to send ID for verification. The exchange then allowed the customer to withdraw the crypto then closed the customer account. It is that simple.
The Rock Trading is nothing more than a scam outfit. Now that you have made an official complaint against them things will proceed but in the end the decision will be for you and against them.
The European and Italian law regarding crypto over FIAT is very well known. They have no excuses to keep your crypto and they cannot under circumstances keep hold of it as they do not own it - you do.
You articulated very well they have tried to twist the KYC/AML policy that covers Italian and European law for FIAT, then they have tried to apply that for crypto just to selective scam.
There have been several cases of some exchanges where they changed their KYC/AML policy then the customer complained saying they did not want to send ID for verification. The exchange then allowed the customer to withdraw the crypto then closed the customer account. It is that simple.
The Rock Trading is nothing more than a scam outfit. Now that you have made an official complaint against them things will proceed but in the end the decision will be for you and against them.
December 30, 2018, 09:08:50 AM
JollyGood, again thanks for your continuous support.
We will see if they are still around on some months. This case is under review from an entity related to the Italian Central Bank.
Spotted another confirmation that the Rock's CFO has lying about the applicable Law since the start.
I thought he ignored italian law and just lied about European Law, inventing applicable directives to the situation (which he knew very well that can't be applied to relations between private persons, including exchanges, as I told him several times and he kept ignoring).
But they knew very well since the start the (several times quoted by me) article 3, n.º 5, i) of Legislative Decree No. 231/2007 (as changed by Legislative Decree 90/2017), they even quote its terms here:
https://www.therocktrading.com/en/service_terms/5
"the relevant national legislation has been significantly amended, extending its scope to service
providers relating to the use of virtual currency, limited to the performance of the activity of converting
virtual currencies from or into legal tender currencies."
Also the same in italian: https://www.therocktrading.com/it/service_terms/5
They knew from the start that italian law only requires AML and KYC to activities of conversion of crypto on fiat by withdrawing it for the banking system (or, for instance, sending bills by conventional mail).
Thus, their FAQ that says: "Verification is not mandatory, but in order to deposit/withdraw fiat currencies you will need it” https://support.therocktrading.com/kb/faq.php?id=27.
But they kept lying by invoking deliberately invented applicable european laws to fool us all.
Can you trust your money to someone who does this?
We will see if they are still around on some months. This case is under review from an entity related to the Italian Central Bank.
Spotted another confirmation that the Rock's CFO has lying about the applicable Law since the start.
I thought he ignored italian law and just lied about European Law, inventing applicable directives to the situation (which he knew very well that can't be applied to relations between private persons, including exchanges, as I told him several times and he kept ignoring).
But they knew very well since the start the (several times quoted by me) article 3, n.º 5, i) of Legislative Decree No. 231/2007 (as changed by Legislative Decree 90/2017), they even quote its terms here:
https://www.therocktrading.com/en/service_terms/5
"the relevant national legislation has been significantly amended, extending its scope to service
providers relating to the use of virtual currency, limited to the performance of the activity of converting
virtual currencies from or into legal tender currencies."
Also the same in italian: https://www.therocktrading.com/it/service_terms/5
They knew from the start that italian law only requires AML and KYC to activities of conversion of crypto on fiat by withdrawing it for the banking system (or, for instance, sending bills by conventional mail).
Thus, their FAQ that says: "Verification is not mandatory, but in order to deposit/withdraw fiat currencies you will need it” https://support.therocktrading.com/kb/faq.php?id=27.
But they kept lying by invoking deliberately invented applicable european laws to fool us all.
Can you trust your money to someone who does this?
December 26, 2018, 07:17:10 PM
These scammers have got android app?
They should be heading for shutting down business because of their scams but they are getting bolder by the day
https://play.google.com/store/apps/details?id=com.therocktrading.tradingapp
They should be heading for shutting down business because of their scams but they are getting bolder by the day
https://play.google.com/store/apps/details?id=com.therocktrading.tradingapp
December 26, 2018, 10:22:57 AM
This will be part of the legal allegations.
The first illegal act they done was to block my withdrawals arbitrarily 12 months ago.
Of course, they will try to invent a pretext to the authorities. However, they will ruin themselves, because:
I) Their support didn't invoke any security issue to deny my August request to a bitcoin withdrawal and to force me to send personal documents. Actually, their justifications were completely against their TOS/FAQ: that I traded fiat and, when I told that this justification was against their FAQ, the support then invented a second justification: that I had make a few small euro withdrawals 5 years ago, when their TOS allowed that!
II) Then, they contradicted their support and talked on our August emails exchange about a security issue, but refused several times to explain what was this issue.
III) After, on this forum, their CFO refused again and again to explain what was the issue that made them block my withdrawals.
IV) Moreover, if there was a security issue, they had an absolute duty to block also trading and not only the withdrawals. If they suspected someone hacked my account, allowing trading to keep going on would be a major breach of security! The hacker could make some ruinous trades in order to enrich his account, like dumping sell orders on his low buy orders.
V) Even more: if there was a security issue, blocking my withdrawals, but not informing me about the security issue would be another major breach of their duties to me! An exchange that suspects an account was hacked but which doesn't try to warn the customer with an email to his registered email, should be closed. They said nothing for months about the block or any issue! It was me to have to go to them.
VI) But of course, they knew there was no security issue. I even made a deposit after their covert block of my withdrawals, unaware of the all issue. An hacker would never do that.
VII) On the contrary, an hacker would try to make withdrawals. I didn't try to make any between their block on December 2017 and August 2018, when I finally asked for a withdrawal and they arbitrarily denied it, causing this public fight.
VIII) They ignored and are ignoring all evidence of ownership, which would be the most important thing if they were really concerned with security. Their against TOS/FAQ verification demand is just a pretext to try to keep my money blocked.
The first illegal act they done was to block my withdrawals arbitrarily 12 months ago.
Of course, they will try to invent a pretext to the authorities. However, they will ruin themselves, because:
I) Their support didn't invoke any security issue to deny my August request to a bitcoin withdrawal and to force me to send personal documents. Actually, their justifications were completely against their TOS/FAQ: that I traded fiat and, when I told that this justification was against their FAQ, the support then invented a second justification: that I had make a few small euro withdrawals 5 years ago, when their TOS allowed that!
II) Then, they contradicted their support and talked on our August emails exchange about a security issue, but refused several times to explain what was this issue.
III) After, on this forum, their CFO refused again and again to explain what was the issue that made them block my withdrawals.
IV) Moreover, if there was a security issue, they had an absolute duty to block also trading and not only the withdrawals. If they suspected someone hacked my account, allowing trading to keep going on would be a major breach of security! The hacker could make some ruinous trades in order to enrich his account, like dumping sell orders on his low buy orders.
V) Even more: if there was a security issue, blocking my withdrawals, but not informing me about the security issue would be another major breach of their duties to me! An exchange that suspects an account was hacked but which doesn't try to warn the customer with an email to his registered email, should be closed. They said nothing for months about the block or any issue! It was me to have to go to them.
VI) But of course, they knew there was no security issue. I even made a deposit after their covert block of my withdrawals, unaware of the all issue. An hacker would never do that.
VII) On the contrary, an hacker would try to make withdrawals. I didn't try to make any between their block on December 2017 and August 2018, when I finally asked for a withdrawal and they arbitrarily denied it, causing this public fight.
VIII) They ignored and are ignoring all evidence of ownership, which would be the most important thing if they were really concerned with security. Their against TOS/FAQ verification demand is just a pretext to try to keep my money blocked.
December 23, 2018, 03:45:31 PM
Besides defamation, there are other clear grounds for asking for compensation:
1) They blocked my withdrawals about 1 year ago. They will have to pay interest on 35500 euros at the legal rate for unpaid debts.
2) They will have to compensate for all legal expenses with this.
3) Also for all the time lost because of this.
4) For the annoyances created.
1) They blocked my withdrawals about 1 year ago. They will have to pay interest on 35500 euros at the legal rate for unpaid debts.
2) They will have to compensate for all legal expenses with this.
3) Also for all the time lost because of this.
4) For the annoyances created.
December 18, 2018, 04:17:42 PM
Two more to go:
https://therocktradingscam.wixsite.com/therocktrading/home/the-rock-trading-selective-scam
https://therocktradingscam.video.blog/2018/10/06/selective-scam-at-the-rock-trading/
Not really in my eyes. Because a. info is accurate and showing real situation and b. if they will then OP will have his chance to speak up which will further damage their names. And i think they will avoid this at all costs.
Seems clear somebody has used their name without their consent with a view to scam. Those scam sites are definitely not operated by Rock Trading.
December 20, 2018, 10:58:23 AM
Two more to go:
https://therocktradingscam.wixsite.com/therocktrading/home/the-rock-trading-selective-scam
https://therocktradingscam.video.blog/2018/10/06/selective-scam-at-the-rock-trading/
Not really in my eyes. Because a. info is accurate and showing real situation and b. if they will then OP will have his chance to speak up which will further damage their names. And i think they will avoid this at all costs.
You are right, s1lverbox.
Free speech comprehends the right to denounce the facts.
They didn't deny any of my facts. On the contrary, they confirmed the main ones:
https://bitcointalksearch.org/topic/m.44951057
They even confessed that they are going to keep my money "forever" no matter how much evidence they have that it's mine: https://bitcointalksearch.org/topic/m.47458158
I'll be the one asking for a huge compensation, including for defamation. They suggested several times that I hacked my account and that I was some sort of criminal against all the evidence to try to explain their scam.
This was just the start. Now that everyone knows or will know what they are capable of, they better be prepared for the incoming legal fight.
December 18, 2018, 12:54:06 PM
Two more to go:
https://therocktradingscam.wixsite.com/therocktrading/home/the-rock-trading-selective-scam
https://therocktradingscam.video.blog/2018/10/06/selective-scam-at-the-rock-trading/
Not really in my eyes. Because a. info is accurate and showing real situation and b. if they will then OP will have his chance to speak up which will further damage their names. And i think they will avoid this at all costs.
Seems clear somebody has used their name without their consent with a view to scam. Those scam sites are definitely not operated by Rock Trading.
December 18, 2018, 12:42:38 PM
Two more to go:
https://therocktradingscam.wixsite.com/therocktrading/home/the-rock-trading-selective-scam
https://therocktradingscam.video.blog/2018/10/06/selective-scam-at-the-rock-trading/
Not really in my eyes. Because a. info is accurate and showing real situation and b. if they will then OP will have his chance to speak up which will further damage their names. And i think they will avoid this at all costs.
December 18, 2018, 12:01:01 PM
Beside all the forums, HYIP monitors and offline sites that mention the same, these websites are online and all of them write on the TOP:
https://topgoldpay.com/
(I didn't check other sites because of "insecure connection")https://topgoldpay.com/
Code:
Dates 84 days old
Created on 2018-09-25
Expires on 2019-09-25
Updated on 2018-09-25
http://whois.domaintools.com/topgoldpay.comCreated on 2018-09-25
Expires on 2019-09-25
Updated on 2018-09-25
https://beta.companieshouse.gov.uk/company/10704348/filing-history
As you can see, director of company is some random guy from India and it means really nothing. These are only words written on ponzi site, no one is stupid enough to run obvious ponzi scheme and to put their information and company details on site.
Just to add this:
They could sue you for this.
December 18, 2018, 10:19:27 AM
https://forum.bitcoin.com/referral-links-f116/kingways-investment-limited-9-to-14-daily-lifetime-t17155.html
"Kingways Investment Limited is a certified Limited Company based in the United Kingdom and founded by Andrea Medri (CFO) and Davide Barbieri (CTO), two entrepreneurs well known in the english Bitcoin community."
You should really stop believing everything you see on ponzi sites and posting information taken from ponzi threads posted in random forums for the sake of referral spam without doing prior research, for example company you mentioned, Kingways Investment Limited:"Kingways Investment Limited is a certified Limited Company based in the United Kingdom and founded by Andrea Medri (CFO) and Davide Barbieri (CTO), two entrepreneurs well known in the english Bitcoin community."
https://beta.companieshouse.gov.uk/company/10565276
https://beta.companieshouse.gov.uk/company/10565276/officers
Beside all the forums, HYIP monitors and offline sites that mention the same, these websites are online and all of them write on the TOP:
"is a certified Limited Company based in the United Kingdom and founded by Andrea Medri (CFO) and Davide Barbieri (CTO)".
https://cryptofret.com/
https://cryptotradingbusiness.club/
https://dailypayment.bid/
https://topgoldpay.com/
https://kingways2017.blogspot.com/
https://options.max-cryptomine.com/
Taking in account the British corporation search done by JollyGood, it looks like someone is using their names, but when this is going on for a long time and it's widespread (this is running on for at least 2 years and on about 20 websites, current and offline), the least they should do is publish an announce denying responsibility here on the forum and on their website.
Failing to do that is a way to help by omission those frauds going on and raises questions. No legitimate business entrepreneur lets fraudsters use his name without public reaction.
And if they didn't know about this, we are making them an undeserved favor by warning them and the community. But they must act and deny this.
Anyway, taking in account what they are doing to me, I say they are not legitimate entrepreneurs. On the contrary.
December 16, 2018, 02:09:46 PM
https://forum.bitcoin.com/referral-links-f116/kingways-investment-limited-9-to-14-daily-lifetime-t17155.html
"Kingways Investment Limited is a certified Limited Company based in the United Kingdom and founded by Andrea Medri (CFO) and Davide Barbieri (CTO), two entrepreneurs well known in the english Bitcoin community."
You should really stop believing everything you see on ponzi sites and posting information taken from ponzi threads posted in random forums for the sake of referral spam without doing prior research, for example company you mentioned, Kingways Investment Limited:"Kingways Investment Limited is a certified Limited Company based in the United Kingdom and founded by Andrea Medri (CFO) and Davide Barbieri (CTO), two entrepreneurs well known in the english Bitcoin community."
https://beta.companieshouse.gov.uk/company/10565276
https://beta.companieshouse.gov.uk/company/10565276/officers
I don't see neither Andrea Medri nor Davide.
OP you have 2 solutions:
1) send them ID
2) go to police and give the police your ID.
I ran some checks and found nothing for Andrea Medri. There is only one "Davide Barbieri" in the whole of the UK companies list, he has a mailing address in London but himself is Italian and born in 1974. The company is called "DAVIDE BARBIERI LIMITED"
Those websites listed above are scamming using Rock Trading owners name. It is quite clear Rock Trading and its owners have nothing to do with the scam websites listed but it is also true that they are selective scamming their customers including the OP.
December 16, 2018, 01:44:19 PM
https://forum.bitcoin.com/referral-links-f116/kingways-investment-limited-9-to-14-daily-lifetime-t17155.html
"Kingways Investment Limited is a certified Limited Company based in the United Kingdom and founded by Andrea Medri (CFO) and Davide Barbieri (CTO), two entrepreneurs well known in the english Bitcoin community."
You should really stop believing everything you see on ponzi sites and posting information taken from ponzi threads posted in random forums for the sake of referral spam without doing prior research, for example company you mentioned, Kingways Investment Limited:"Kingways Investment Limited is a certified Limited Company based in the United Kingdom and founded by Andrea Medri (CFO) and Davide Barbieri (CTO), two entrepreneurs well known in the english Bitcoin community."
https://beta.companieshouse.gov.uk/company/10565276
https://beta.companieshouse.gov.uk/company/10565276/officers
I don't see neither Andrea Medri nor Davide.
OP you have 2 solutions:
1) send them ID
2) go to police and give the police your ID.
December 16, 2018, 12:57:36 PM
Several Ponzi websites where they appear as founders?
They better present a justification or will be confirming tacitly their responsibility also on those scams.
They better present a justification or will be confirming tacitly their responsibility also on those scams.
Highly unlikely any of those websites belong to the Rock Trading team. The websites listed are clearly and obviously scams but the Rock Trading is a full exchange with crypto/FIAT finance licence.
The issue of Rock Trading being selective scammers cannot be denied because of the way they have treated the OP but they are not serial scam website operators, highly unlikely. It seems somebody has put the names of the Rock Trading owners on the scam websites claiming to be them.
December 15, 2018, 07:38:10 AM
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