Topic: Minexcoin Scam (Read 2150 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...

Inactive since november 27. So what will happen now with this case? Still not marked as resolved?

As far co-bitcoiners here they are experiencing somewhat similar situation here with Minexcoin they just state to me although there is a delay in giving the coins still transaction with goes smoothly and it's hard to find this ICO as one of the scammers here in the cryptocurrency world because as far as my research goes their one of the most trusted around here mate.

Here's your answer why the above is shitpost. HoyerBrandon3 makes and expresses comment out of context. The essence of account farming is doing shitpost.

oh c'mon an alt and farming account supporting each others lol your both account always talking about non sense audit report in every threads

Why is this a shitpost? It seems to me that one of the solutions to the "scam problem" among ICO projects.

Lol I also invested in minexcoin and its now kicking in minexbank giving me fabulous profit every week Im sure op did not follow very well the instructions that led to miscommunication and to this accusations, OP if your problem was already solved please post updates here to clear the reputation of minexcoin, thank you. 

Classic shitpost.

Oh, guys, so much ICO projects are scams now. And i think we can fight with it through an adut reprots, I hope that this helps investors to understand an honest project or scam. What do you think?

1st : Where did you get your Minexcoin Address? From Livecoin or Minexwallet?
2nd : Please clear your statement. Have someone translate what you're going to say. I still can't understand what you were trying to say. Your MNX has been sent out on your provided Minexcoin address(Either Livecoin or Minexwallet). https://minexexplorer.com/?r=explorer/address&hash=XVPVCMhdeWj6ZVwox6TvG477fkVpAd9yfz

To cdtc,

Appreciate your concern but we all do experience the same. The transfer is being done manually. You can check the timestamps of these transaction here https://minexexplorer.com/?r=explorer/address&hash=XRBMTceL6dcktfuof9ZK7RRwqgnZpdSQnr

Now say they me i have to transfer the coins toa exchanger like livecoin.net

then i heave hear of they and try to cashout from livecoin.net : and no recieve the money ..., was clearly...

Scam or not, always be careful when they are such delays, could be a flag!

yeah i'm sure minexcoin is not a scam.
There may be a mistake with communication.
and the minex team has provided information and clarification.
but the op has not responded to the understanding of the case.
by the way i am still following minexcoin development and i'm trying for parking some MNX on minexbank system. minexbank is very safe and still running stable.
hopefully this problem can be solved well.

Interesting. Minexcoin.org get red trust for scam accusation from Newbie and $6. Okay now is $23. Now they solved this problem but negative trust still on here. everything seems bizarre.
I expect it to be removed, I really believe they did not have a sense of deception.

But now we need to wait the guy who put the red trust remove it... I sent him a message, I think Minecoin.org did it too, but no answer.

Why there is still a negative trust? Problem is solved and i can see OP didn't withdraw his coins on his ico account.

The fact is Minecoin.org get a red trust due to this thread (even if the issue was only due to the op). I hope the guy who put it will see the problem is solved...

Some people only come to this board if they have an issue or want to get response. After that, when the issue has been resolved, they disappear and never come back to their thread.
By the way I have received my mnx from bounty portal even it need few weeks to withdraw it to my wallet.

This is just an Isolated case, I experience too this problem on withdrawal for about 1 week but I still received it once I contact their support. Sometimes people are just losing their patience and forget the right process to get their coin. I always see this issue to noob investors which don't know what they invest. I'm happy for this coin because I'm having a good profit for mining in minexbank weekly.

I received my MNX without any problem within a couple of days. I didn't except them 30 minutes after asking, by the way. And I can say the same for people who I know having MNX payment in the queue. All got their due. There is no reason to call a project a scam because you received your coins 2-3 days after your request.

Bump. To OP, please respond if the issue has been resolved or not.

Hello Kevin,
We sent you an email to your email address ve**ta**[email protected] Nov 17 (1:51pm) and you replied us Nov 17 (10:52pm), via 8 hours ago.
Here is screenshot https://cdn1.savepice.ru/uploads/2017/11/20/d4d7fc40102d895006f1357b7014a4a2-full.png

We had weekend 2 days (Saturday, Sunday) and we couldn't confirm your order.
Today is Monday and your order confirmed. Check your wallet, please.
Here is transaction  https://minexexplorer.com/?r=explorer/address&hash=XVPVCMhdeWj6ZVwox6TvG477fkVpAd9yfz

and no payout... , 20.11.2017

looks like timewaste , no coins recieved

19.11.2017

have ask for withdrawel , please confirm

Hello death013,
We are really sorry that you have problems with the coins withdrawal.
We want to assure you that all investors and bounty campaign participants received their coins. Unconfirmed orders for withdrawal in the processing now.

We checked in our database your email address and here is result
You invested 0.0046695 BTC
And we have to send you 2.52946848 MNX.

But you didn't make order for withdrawing, so until you don't make order - we can't confirm withdrawing

How to withdraw MNX from ICO account https://medium.com/minecoin-blog/withdraw-mnx-from-the-ico-account-to-mnxcore-9014bc3a3b6b

If you have any questions, please, write to [email protected]

Hello Dear People

The User: https://bitcointalksearch.org/user/minecoinorg-894070

has started a ico project , ive how many other invested in it
but the owner scammed , to late payouts, or no payouts
ridiculously low amounts of coin get for Invests 34-44€ Invest | I Got in panel (never Recieved)= 2.52946848 MNX
that value: $6.60 / 1 Coin

and he tell me No Refunds ... , on his website is a box there stand :  I agree with withdraw amount

i dont click them behind i dont agree!

Be aware From this ripper , Ban his account here , he rip the people! , thats cant going on!

many other people had the self problems ..


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Want Ban for this user or Refund my Money!