RB Global Crypto Bank admin spills beans, website down

A high-ranking administrator at RB Global Crypto Bank has publicly turned on founder Laurie Suarez, posting a damning confession in the company's official Facebook group before the site went dark.

Daryl Grigg, whose name appeared on the company's leadership page, seized control of the group today and laid out a detailed account of unpaid obligations, missing charitable funds, and frozen customer withdrawals totaling millions of dollars.

Grigg said he can no longer stomach what he's witnessed. "I have supported this company through thick and thin and even with some drastic decisions made still shown support, and it has come to the point where I can not morally continue," he wrote.

The first problem Grigg cited: a "50 days of Christmas" charity fundraiser launched to buy holiday gifts. The money was never distributed. When he and other admins repeatedly asked for updates, they got stonewalled.

Then there's Uganda. Suarez promised monthly payments tied to a charitable project there, along with photos and documentation from contact Charlie Pelegrino. Grigg said the funds were supposed to keep the operation flush with cash. Instead, the money never arrived. Suarez claimed photos existed on a USB drive from his trip but wouldn't produce them. He promised to deliver them at London meetings. That was months ago. "Still to this day we have nothing. It's just excuse after excuse," Grigg wrote.

The admin also revealed that RB Global's team—who put in eight months of work—has gone largely unpaid. Early on, a few payments came through. Then nothing. Some admins were dangled contracts that never materialized.

But the withdrawal problem is the biggest red flag. Grigg confirmed that customer wallets were indeed frozen, as had been rumored. Right now, over $300,000 is stuck in PayPal, Square, and other payment systems. More alarming: roughly 5,000 withdrawals are pending—around 800 Bitcoin, worth approximately $4.2 million at current rates.

Grigg pointed out an impossible math problem. Company officials kept saying only 600 withdrawals remained outstanding. When he checked, 3,200 were still in the queue. "That's a lie that we cannot understand," he wrote.

RB Global is a reboot of Suarez's previous venture, The Berlin Group, which collapsed as a Ponzi scheme. The new platform emerged supposedly reformed, but Grigg's account suggests the same patterns are repeating: unfulfilled promises, missing funds, and investors locked out of their money.

The Facebook post marks a rare crack in Suarez's inner circle. Grigg's willingness to go public—even as it damages his own credibility for supporting the scheme initially—suggests frustration has reached a breaking point among those closest to the operation.

🤖 Quick Answer

What triggered the RB Global Crypto Bank crisis?

Who is Daryl Grigg and what was his role?
Daryl Grigg was a high-ranking administrator at RB Global Crypto Bank whose name appeared on the company's leadership page. He disclosed internal financial irregularities and stated he could no longer morally support the organization's operations.

What specific financial problems were revealed?
Grigg documented unpaid obligations, missing funds from a "50 Days of Christmas" charity fundraiser intended for holiday gifts, and frozen customer withdrawals totaling millions of dollars, indicating severe liquidity and accountability issues within

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