CryptoDATA RNF will not be racing in the 2024 MotoGP season, it’s been confirmed. 

The axe fell on the team just hours before it was due to hit the track for the first pre-season test at the Valencia circuit in Spain, and this now means that its riders, Miguel Olivera and Raul Fernandez, could be without spots on the grid for the coming season. 

The news comes after swirling rumours of financial troubles, an American takeover, and majority shareholder Razlan Razali announcing he was leaving the team just before the final round at Valencia.  

MotoGP organisers are not on the lookout for a replacement team to take to the grid next, with both the riders, a number of the staff and the bikes set to be transferred to the new independent team.