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Italian exchange The Rock Trading suspends withdrawals, now in "Read-only" modewww.therocktrading.com
220 sats \ 4 comments \ @cryptocoin 21 Feb 2023 bitcoin
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25 sats \ 0 replies \ @IHL 21 Feb 2023
Not your something, not your something. Or something like that.
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0 sats \ 2 replies \ @cryptocoin OP 21 Feb 2023
The press release on the site:
Interruption of platform operations Milan, 21 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.
Please note: As of today, February 21, 2023, you can access your The Rock Trading account, in read-only mode, to consult your balance, the movement list and to download the relevant reports.
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0 sats \ 1 reply \ @cryptocoin OP 21 Feb 2023
From a couple days ago on r/CryptoCurrency (on Reddit):
Italian CEX "The Rock Trading" has halted operations due "difficulties encountered in liquidity management" and users cannot login inside their accounts. https://www.reddit.com/r/CryptoCurrency/comments/11735vz [Teddit]
And an article (in Italian):
The Rock Trading closes its doors, stop operations due to lack of liquidity https://it.investing.com/news/cryptocurrency-news/the-rock-trading-chiude-i-battenti-stop-alle-operazioni-per-mancanza-di-liquidita-2120963
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0 sats \ 0 replies \ @cryptocoin OP 26 Feb 2023
See also another article on this, from CoinDesk:
‘Italian FTX’ Leaves Users in Limbo, Citing ‘Difficulties in Liquidity Management’ https://www.coindesk.com/consensus-magazine/2023/02/24/italian-ftx-leaves-users-in-limbo-citing-difficulties-in-liquidity-management [Archive]
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