The team issued a lengthy statement over the Valencia Grand Prix weekend denying reports that its place on the grid was in jeopardy due to financial issues.
In a press conference on Saturday night, representatives of CryptoDATA called the rumours “fake news” and insisted all was well within the team.
It said that a takeover offer was rejected two weeks ago and that team principal Razlan Razali was stepping down, claiming it had been decided over a month ago, due to poor financial decisions.
RNF also denied owing any money to suppliers, including Aprilia, and insisted it had a contract in place until 2026.
However, on Monday, the MotoGP Selection Committee, comprising members of FIM, IRTA and Dorna Sports, said they had decided not to select the team for the 2024 season.
It will review applications for a new Independent Team, using Aprilia machinery, to join the grid instead.
Source: Autosport