RR crypto: The French association leaves these customers in the lurch

Another bad news that this time hits French customers. Another bad news and an "accident" that gives a lot of bad publicity to bitcoin and cryptocurrencies. We don't particularly like to relay this type of information but it reminds us all how vigilant we must be. We told you about the latest crypto burglary of an exchange platform africrypt through which the founders disappeared with billions of dollars…

This is happening in France...

It is the RR Crypto association which this time is at fault with the loss of nearly 58 million euros in bitcoin. There would have been 4500 customers who would therefore have lost their invested capital...

Relatively surprisingly, it is not a company but rather a very classic association.

According to newspaper sources Capital, according to lawyer William O'Rorke (from the ORWL firm), the RR Crypto association can be legally attacked because it was in fact an "illegal exercise of the activity of Digital Asset Service Provider (DASP)".

Created in 2020, the association presented its services on a website while remaining rather discreet in the crypto eco-system. RR Crypto allowed its members to invest in cryptocurrencies in exchange for a 17% commission on profits recorded.

The founder of the Dijon-based association and director of the structure, Vincent Ropiot, announced that the community funds had completely disappeared... He sent an email to customers saying that "the funds are no longer present in the wallet, with no access to its history"...

Without history? However, the funds would have been deposited on the Binance platform. A platform in which we usually have access to our histories…

This is where the mystery begins…

How could such a sum disappear so suddenly?

Yes, this is the legitimate question we can ask ourselves.

In fact, until now, we don't know more. What we know is that founder Vincent Ropiot declared having filed a complaint following this disappearance. Likewise, aggrieved investors have banded together for class action as well.

We also know from BMF TV that two law firms joined forces to take care of the case (The ORWL firm and the REF firm).

They will look into the fact that the association did not have the required status for such a financial year and to investigate this story.

It turns out that today we don't know what it is. No one can know what happened Binance and no one can know if it is of a scam from a team member…

Indeed, Binance ensures that even if a customer closes an account, he still has access to a history...Similarly, founder Vincent Ropiot did not want to respond to Capital journalists...

Let's hope that the matter is resolved and that customers quickly regain their investments... The best thing would be to better understand what happened in order to better be able to anticipate such an event. Let RR crypto serve as a lesson in some ways…

You have to be careful on which platform you deposit capital. Be careful especially with individuals or people who promise you great returns… Always check that it is a company incorporated and registered in a traceable legal register.

Finally and unfortunately if this were the case, it would not be a new thing…