Topic: The Rock Trading Scam www.therocktrading.com Exchange Review fraud opinion - page 37. (Read 36160 times)

WARNING!! Rock Trading are operated by criminals trying to scam you.

Dear BitcoinTalk Community,

Italy based exchange Rock Trading are operated by scammers that Selective Scam customers and users.

Please do not use that website !!

I couldnt agree more with both statements. They are an insignificant exchange with ridiculous amounts of volume. But medri claims having a "legal team". Not one lawyer but a "legal team". I guess they have several lawyers working for them full time! Damn liars and scammers.
They are just two guys and a website. They cant have money to pay anyone more not even a support guy. I wonder how much money they lost because of their bots and this bitcoin crash. Thus they decided to compensate the loses by taking the OPs money.
Scammer Medri enjoy my new site: https://andreamedri881681188.wordpress.com/

https://coinmarketcap.com/it/exchanges/therocktrading/

They claim they traded nearly 3.3 million EURO in the previous volume trade. They are a pathetically small website with no followers or activity on social media, or on telegram.

Their website looks like something coded from early 1995. The "trade" part is so odd and needs updating. How is it the Italian authorities have not closed them down?

Going to the italian authorities won't be easy:

1) Italian courts (even criminal courts) are infamous for their delays. So, this can take many months to be solved on court.
2) The complaint will have to me written by my lawyer with the help of an Italian lawyer to be shore that they will end in jail. This will be expensive.
3) The judge might decide to give an interim order to make them release my money or he might decide that they can't be allowed to keep managing the Rock and freeze all their banking accounts.
This would mean that they would end with a run on the Rock from all customers and they wouldn't be able to release my money even if they wanted.

Actually, they most certainly are losing money with their trading bot because of bitcoin crash. As JollyGood just wrote I wouldn't be surprised if they closed doors.


I will go to the authorities, but first I'm going to use the rest of the means I have at my disposal.


Crashing, thanks for your support.

s1lverbox, thank you for your suggestion. I'll think about it. I already posted this on several sites on the Internet. Just google Rock trading truffa or Rock trading scam and check my signature.

There is also an italian thread here: https://bitcointalksearch.org/topic/the-rock-trading-wwwtherocktradingcom-scam-truffa-broglio-opinioni-recensioni-5025233
Feel free to post there too.

They also have a facebook account: https://www.facebook.com/TheRockTrading
And a tweeter account: https://twitter.com/therocktrading

Friend of mine looked in to this and unfortunately for him life is to busy to help at this moment.

Might be good idea to post some articles or at least hire someone with writing skills to create proper article with all in for in it. Of course SEO friendly and English/italian language correctly worded.
Maybe this would look expensive at the start but once article is done can be posted in many places for free. Bigger exposure and Google will do the rest of the job.
Once that is done you can hire again freelancer to make another article which will mean same thing but can be worded differently.

Post that on forums/Reddit/twitter for massive exposure.
TheRockTrading must be stopped. This type of scams only ruin general perception of crypto.

We hope this Rock Trading shuts down soon. Hopefully it will get raided by the law enforcement agencies soon.

If I had any doubt about this being a scam, this summary removed it.
I hope you recover your money.

This is an excellent post. You have listed so many of their short-comings and without any doubt exposed these scammers for who they are.

They actually want people to believe they are a "good" or "honest" business but Rock Trading is a scam outfit.

They have next to nothing in social media and telegram followers, they claim to be trading over $1.8 million EURO per 24 hours. That sounds like a big scam to me because this tiny "exchange" has no credibility and only a few people heard of them. They claim to be around 7 years but they are either full scammers or selective scammers.

Never ever make the mistake to send your ID to them for KYC because they will probably sell it on or misuse it to get revenge on you for exposing them.

I tried so hard to reason with them asking them to refund you but these scammers did not listen so I am so happy I added them to my Scam Alert signature after they refused all mediation.

at this point i would really just go to the police, you will get your money back and they will get in deep trouble, win win situation

If they indeed consulted a lawyer (the "thing" they posted as a "legal opinion" makes me doubt that), they now know their real legal situation, because the misleading things the paid lawyer wrote at their request and what the lawyer told them had to be completely different.

Let's summarized their legal mess:

I) They blocked my withdrawals 11 months ago, on December 2017:
https://bitcointalksearch.org/topic/m.47413970
Guilty.

II) They repeatedly refused to explain why, which means they had no legitimate reason to do that:
https://bitcointalksearch.org/topic/m.45512110
Guilty

III) They didn't inform me about the block and let me keep trading and even entrapping more money with a new deposit after the block.
This is fraud and a clear breach of their own TOS that demands them in case of a block to make “useful efforts by TRT to contact the User”(point 8.4: https://www.therocktrading.com/en/service_terms/3 ).
Guilty

IV) When I complained, they blackmailed me to send my documents or they would keep blocking my money against their previous assurances and FAQ that says "verification isn't mandatory" https://support.therocktrading.com/kb/faq.php?id=27
Guilty.

V) Since I argued this, they accepted I didn't have to send my documents, but they said that my money would be kept blocked "much more time". When I said I would take this public, they started demanding a copy of my documents again.
https://bitcointalksearch.org/topic/m.47423847
I have a copy of the CTO email of 21 August 2018 about this.
Guilty

VI) They wrote that if I don't comply they are going to keep my money "forever": https://bitcointalksearch.org/topic/m.47458158
Guilty

VII) They kept raising suspicions about my ownership ignoring all the evidence I have that no honest person can deny. Actually, they never even asked to check some of the evidence that they didn't see.
https://bitcointalksearch.org/topic/m.47458158
Guilty.

VIII) They kept lying about European Law, invoking european directives that they know aren't applicable (I told them so several times) because they only bind States members to adopt internal legislation:
https://bitcointalksearch.org/topic/m.47461136
Guilty.

IX) They kept lying about the meaning of their TOS, quoting several inapplicable rules and none in particular, just to confuse.
https://bitcointalksearch.org/topic/m.46183000
Guilty.

X) They posted a misleading paid "legal opinion" in order to confuse customers and the community that is illegal taking in account italian Legislative Decree No. 90 of 25 May 2017, article 3, n.º 5, i), under the name of "subjected entities", restricts ANY application of its provisions to a crypto exchange only to operations of conversion (not trading or exchange) of crypto to fiat that only happens when the customer makes a fiat withdrawal (something I don't want):
https://bitcointalksearch.org/topic/m.47868314
https://bitcointalksearch.org/topic/m.47897379
Guilty.

XI) They created an alt account and used it to post defending themselves and paid members to post here to confuse the community:
https://bitcointalksearch.org/topic/m.45560191
https://bitcointalksearch.org/topic/m.46020217
Guilty.

XII) They raised suspicions about me, suggesting I hacked my Rock account or that I'm some sort of criminal against all the evidence I have that the account is mine.
https://bitcointalksearch.org/topic/m.46990096
They seem to think that there is defamation only when someone accuse other openly and that raising suspicions against all evidence isn't defamation. They are asking for being taught the hard way about how wrong they are.

XIII) They confessed that they don't care if they are breaching Italian Law or not: "if you believe we are not following the law and you do not agree on our security policies, there is nothing more we can do."
https://bitcointalksearch.org/topic/m.47475877


They haven't deny ANY of my factual allegations, I'm not the one lying here. They actually confirmed the main ones: https://bitcointalksearch.org/topic/m.44951057

I read that Rock Trading claims to have 500k EURO of trade every 24 hours.

I think they are not a full scam out but are selective scammers. They let this situation carry on for nearly a year.

Yes, it's time to write to their business partners and newspapers/newssites about this.

So any new progress ?

Thanks for given them the deserved credit for this accomplishment.

I already have given the scammer medri/eliale negative feedback twice but just gave also negative to the CTO paci.

Hey scammer medri I'm making you famous! My page about your deeds is slowly getting better results on google.

I left also negative feedback for both. My trusted set them red. So this should be more visible to pottential customers therock.

Thanks for your support, Trading.

I just gave both founders negative feedback because of this scam for these reasons:

I just google translated their italian mumbo jumbo so other people could see how stupid it is