Topic: Minexcoin Scam (Read 2159 times)

I still have some amount of mnx, and I don't know what to do with them.  I would rather sell and forget about this scam but my portfolio value drops from $15k+ to a few hundred bucks. Nothing does mean to me to sell right now, it's dust.

I wonder if there are people still interested in this project because everything proves that it is a clear scam. They don't even allow members to share their worries and frustrations in the group. Only diverting people's attention from what must be asked. if there was ever something to do to remove minexcoin from the crypto world, I would have gone for that. It is killing people and no one(team members) seems to care about it.
They should be given a permanent ban on bitcointalk. the negative trust is not enough to deter investors from putting their money in this project.

They planned SCAM from the very beginning. In the pre-ICO they lied investors about 1710 BTC worth investment made by "prominent europen bank", only to avoid to return money to investors due to failure to collect needed money.

They gave false promises about keeping price in tight, +-5% range, Minexbank interventions on market ot preserve coin value, how coin will increase value in 2018 for at least 84.88%.All these promises were made just to trick investors to invest in Minexsystems.

They presented investors Whitelist they have never intended to achieve. Almost immediately after Minexsystems collected BTCs in ICO phase, they began with making AR and VR games,things never mentioned or planned in Whitelist. So,they diverted investors money in Boris Shulayev private project,instead to realize Whiltelist,scamming investors.

But ,money collected in the ICO was not enough for making AR and VR games,so they were selling theirs premined coins,worth 100s of BTCs on Livecoin and EXMO ,effectively destroying markets. When the price came almost to $1-2, they opened Instabuy to sell remained premined coins. Instabuy removed buyers from exchanges, increased sell pressure and pushing price of MNX coin into oblivion.


Finally ,they started illegal payment card scheme,just as a tool which with Instabuy will help them to sell all remained premined coins :

- illegally used other company(UAB KRISTOLINIS DUGNAS) account on Upaycard,breaking basic Upaycard and Mastercard regulation and FCA AML laws through hiding true beneficial owner of account
- sending cards to people which residence is out of EEA zone,giving Upaycard false information about theirs real place of residence which put in jeopardy Upaycard license(only for EEA zone) issued by Mastercard
- they denied users access to theirs sub-accounts on Upaycard,forcing them to pay Minexpay special tariffs anf fees if they want to use card

Now they want to sell investors virtual shares from the AR game they made with investors money

This is one never ending scam.

This is a lie. It is a possible scenario but not happened. Minex was on $55 price maybe max 24h. For sure no one invests $100k in one big dump. This "investor" probably mining MNX, and in the best case, they have an amount which is worth $100k when Minex touched $55.

Just to be clear, I do not defend Minex and this team, also I think they are all doing this all planned. Coin created only for the pump and dump profit.

People should have already learned the basic lesson of the crypto world: 90% of the projects are just a fairy tale and pump and dump without any real-life purpose. and because of this people should research the fund a lot of ICOs and altcoins before investing


their telegram group:

" I bought about 100k $ of mnx at 55$ price. is that make me an investor or not?

I like this joke, I really like it. "

current price: $0,319

these altcoins are a big disappointment

Just a scam... liers

Minex team promised investors that mnx will always be maintained in the top 100 coins on cmc. #they don't care about price now(they have developed a mechanism to sell all their coins-instabuy[https://instabuy.minexpay.com/]).

Now mnx has promised to sell part of their omnigame shares, it will be the next Pokemon go
#IMO, it will be worth nothing as mnx price is now.

What will be their next excuse? [just an assumption]
We are focusing on minex exchange.
It will be amount the top 10 crypto exchanges in the world. #it'll be launched without even a thousand dollar daily volume on the exchange.

Please do your own due diligence before buying this coin because it is very likely to exit scam because the team only cares about their profit. Check their telegram group and read how investors are crying now and then(https://t.me/minexcoin)

Just wonder what rational arguments you use to come to the conclusion that MinexCoin is scam?

I have only been met by supportive people from MinexCoin. When I first invested during the ICO one of my transactions didn't show up, but with support from the team I got it back.  It's true that updates are missing, but you can join their Telegram channel and participate in the discussions there.

I don't see Levente Racz anywhere on the MinexCoin site.

I have to agree , Minexcoin is a scam , the bank that they claim that cards are coming from denied anything to do with Minex and threaten to go legal to protect their name , no decentralized exchnage, no web wallet , no progress only atomic swap test, the coint is a "shitcoin" the kid is right and if have anything to show as evidence that minex is making progress you should stfu and stop bulling the kid , he only expressed his opinion and he is fucking right on top of it !

Lol bro you posted on a wrong thread. Better create your own topic because no-one really cares about this. Maybe if you create, some will.

Not exactly. We are continuously writing about shitcoins, scams and MLM-s here, like Fistcoin, Jaag coin, Invia, Cryptogold local shitbags.

Most of the time, the readers contact us to check things out (I think the same thing happened here as well). For instance we wrote about Firstcoin last year January that it is an obvious pyramid scheme...look how it turned out. Hydrominer is not involved at all, better read again my subsequent post. Let me pull up my info and get back to you. I think I can show you some screenshot evidences as well, but not 100% sure. Time has passed and these cockroaches have more face than a hydra.

LOL! There is no record like that ever since the ICO occured. Please check out https://minexcoin.com/?r=site/team . It never change ever since. And there's no direct evidence of link to the people that you mentioned. And why does hydrominer is involved here? Most from MNX team members are Ukrainians/Russians.

Based on your word, you're just shitposting plus your promotion in the end makes it more of a shitpost.

Hello,

The topic starter has a valid point, and I like to shed some light why do I think so.

One is, Levente Racz (ICO Advisor in the team). He is a well known MLM criminal (https://www.youtube.com/watch?v=3h_KuoR-uqs), his linkedIn is promoting Invia World, which is a scammer cloud mining company from Austria. The Austrian financial authorities revoke the companies (https://www.youtube.com/watch?v=fQkP-r2uPJc) licence and not because they do not allow mining companies to operate (check out hydrominer.org) in the country.

Back to Mr. Racz. He claims to be a crypto expert but there are zero references or evidences that this claim is valid.

Check the other guy, Peter Sagi from their advisory team. Also claims to be a crypto expert with zero supporting evidence .

I do not know how this project has turned out, but stay out of it.

For the record, I am represent a daily crypto news site from Hungary, called https://www.bitcoinbazis.hu/.

We have tried to contact the creator of this thread to ask him to correct this post, but he never answered us.

We would like to inform you that we have paid the coins to this investor on November 20, 2017. Here is a transaction hash to check https://minexexplorer.com/?r=explorer/tx&hash=b9b9f54b4f21272fc09da8918c9404b257548094a828a8df316e065db68d8945.

If you have any questions about coins withdrawals please contact us at [email protected] prior to writing negative posts/threads, etc. We are open to our community and will do our best to help you.

We would also like to say that we do appreciate all your support to our project and MinexSystems team!

Guys have my eye on Minex and with the current price.. looks tempting.. any thoughts if its worth buying now 0.02

thanks in advance

I have sent him PM, and I hope he respond

I don`t like ICO nor trust any but this ICO can be mined and I have interest there as many miners!

but its not right to have red trust because of some moron/shill newbie account

He didn't, it's a well known member who dit it. And this guy just stopped to watch this topic...
I just don't understand what is the purpose of this guy, acting as a vigilante, but he apparently doen't read anymore the topic after he put the red trust.

You can try to message him, but he is not answering apparently (his name is Vod)

Do you know anything at all about crypto, why did you buy ICO if you don`t know even basics??

You even put red trust for you own STUPIDITY!!!!!!

shame on this thread remove this stupid trust!, issue is solved, OP is a clueless

and yes i am mining this crappy ICO (as all ICO are!) and this moron is killing my profit

Perhaps we can PM vod ? He will be forced to react if we are a lot to do this. I know it can be considered as spam, but this guy just give a red trust to an ICO CM, and stopped to follow the evolution of the thread...