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Topic: SCAM: MinexPay crypto debit card by minexpay.com / Minexcoin - page 6. (Read 30680 times)

legendary
Activity: 3248
Merit: 3098
@thunderjet - Thank you for another excellent post

Demolition man Boris is a complete and utter joke. His failures show him to be an incompetent fool. When he said Minexcoin failure is because of investors seeking quick profits he is way off the mark.

There is no deal with any VISA or Mastercard authorised program manager and there never will be. Minex is a dried-up project with no money and no positive media.




Now they plan to use Stylopay service, China Union pay cards.

Here is one new video https://www.youtube.com/watch?v=mtsEe3cju2o&feature=youtu.be This guy trying to explain something "What is Happening with the Project"
I just watch a few minutes, only some justification.
legendary
Activity: 2534
Merit: 1713
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@thunderjet - Thank you for another excellent post

Demolition man Boris is a complete and utter joke. His failures show him to be an incompetent fool. When he said Minexcoin failure is because of investors seeking quick profits he is way off the mark.

There is no deal with any VISA or Mastercard authorised program manager and there never will be. Minex is a dried-up project with no money and no positive media.


sr. member
Activity: 916
Merit: 312
The official Minexcoin user account here has tried to copy my footer signature    Grin Grin Grin

Maybe it is theirs first step to try impersonate you Cheesy Cheesy Cheesy


In the meantime they post summary of Boris posts in AMA sessions,filled with bunch of lies, shrouded in putting blame on others for theirs own faults.As usual,it is always someone else fault.

https://medium.com/@minecoinorg/summary-of-the-latest-ama-sessions-with-the-ceo-da54fb019060


They are blaming "flawed" part of crypto community and its wish for " easy lucrative returns" to MNX coin price extreme decline.At the same time they are rejecting that they have been manipulated with the price of coin.

Of course,this is hilarious. On the contrary,Boris wish(greed) for easy lucrative returns through massive selling millions of premined MNX coins on exchanges destroyed MNX market completely.Such price reduction of 99.85%( to dust) from ATH is unseen in crypto world.So,maybe he is right that it is not price manipulation - it was price complete destruction.To the ground.  









Finally,after months,they admitted that UPAY suspended UAB KRISTOLINIS DUGNAS cards indefinetely. But as usual ,blame is not on theirs side but to the customers who were questioning legality of payment card program and sent questions to UPAY.This is defying any logic,because no one will suspend program due to customer questions,but only if they found significant contract breach as it was in this case when Minexpay illegaly used lithuanian company to cover true beneficial owner of cards and sending cards to non-EEA countries,despite UPAY does not allow it ,because it has license just for EEA zone.

Their contract with Stylopay for issuing chinese Union Pay card is very suspicious. Stylopay is claiming it is payment processor with offices in UK,US and India. I was searching UK FCA and US Fincen register and didnt find that Stylopay has UK or US license for conducting transactions - to be payment processor.They are probably using some registred payment processor to conduct payment processing for third parties through using its own account,which is illegal( scammer claims from Novarise Secrecy were very similar) .So,any Minexpay claims how they put clear in the contract that program is crypto related is useless,because Stylopay has not UK or US license to conduct financial operations.

One thing that puts even more suspicion on whole thing is that these cards will not be branded cards.Again, the same story as previously seen in CSOB and Novarise Secrecy, UPAY and UAB KRISTOLINIS DUGNAS. So,Minexpay will cover true payment card owner again and will try to conduct business hiding behind third party company. Chinese Union Pay and Mastercard/Visa  regulations are something different,but Union pay is not allowing hiding true beneficialy owner of card program and conducting transactions for third parties.

Now,there are no more doubt, this payment card program will be cancelled too as previous ones due to same reason - trying to use third party cards for its own business. It clearly shows Minexpay and Boris total inabilty to do things on right way,through following regulations and laws.













At the end something very hilarious - Minexsystems claim how they aquired bank on Comoros Islands.  Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy

Maybe they have bank account in some bank on Comoros,but buying bank.....

One thing is particulary interesting about that bank on Comoros they used. US banks refused to do USD transactions with that bank. Something they do only if it is on some US blacklist for money laundering or similar. Again, Boris tried to conduct business with some shady companies. Cheesy Cheesy Cheesy



legendary
Activity: 2534
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The official Minexcoin user account here has tried to copy my footer signature    Grin Grin Grin
legendary
Activity: 2534
Merit: 1713
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Here is a list of my posts the scammers have deleted from their censored Minex thread:

This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (165 posts by 29 users with 2 merit deleted.)





I don't know why MNX has decreased too bad recent months. I was a translator for Minex project before they launch their ICO programme and I was very impressed with their whitepaper because they said that they have the @minexbank which can maintain the price of its ecosystem. So now? maybe that Bank was destroyed or shut down, lol. Anyway, I'm still hold Minexcoin because I believe they can revive their project  Cry. Futhermore, I've ordered the Minex Card but it never came.


If you read through the pages you will understand why you never recieved your card and why you never will receive it..

As for you holding your MNX because you believe they will revive their scam then you are deluded.



Oh my God. Price now 0.16$ Shocked Something went wrong.
I mined this coin in 2017 and sold for $20.
i got from bounty and sold for 30$ on december 2017
and i'm very sad when this coin is only 0.1$

Congratulations on making some money off the bounty.

Thankfully this scam coin is almost dead now, unfortunately the investors that lost money will not get anything back but hopefully enough negative publicity has made it impossible for its sister scam company Republia/Paxchain to never succeed in scamming others.

Hopefully the next time demolition man Boris goes to Court over tax evasion charges he will be sentenced to jail time, that will be some sort of justice too little too late but still a small justice.






So the card they sent out during the phase one is not working anymore? Any idea if they are in contact with any bank for the cards?


The cards were sent out illegally in breach of Mastercard rules. In order for Minex to send those cards out they lied to Upaycard saying they owned an Estonian based company and the cards were for their employees.

Both Upaycard and Mastercard blocked the cards because they were not applied for via the Mastercard official program and that was because Boris/Minex did not pass the required Mastercard or VISA criteria.

Minex scam thread: https://bitcointalksearch.org/topic/scam-minexpay-crypto-debit-card-by-minexpaycom-minexcoin-5046331






Where is disappear official Minexcoin.org account from here? His last post is from 11.April although it is still active here.
Do they have nothing to say or we just attend to the exit strategy?


The account you mentioned just pops in and out of this thread to delete posts that are honest yet critical of the Minex scammers.

They have not made an informative post for a very long time.






Answer my question: Who else is paying the kind of interest Minex is paying for "parking" the coins while keeping them in your wallet?


Scams.


Well I suppose a single word answer does suffice here  Shocked
sr. member
Activity: 916
Merit: 312
Indeed as you mentioned Paxchain, this hilarious rebranding of Republia, trying to ape the name of the South Korean company Paxnet, while in reality it is just a desperate Minexsystems abortion.

The scammers at Republia are passing it off as a "merger" between two companies by saying Paxnet has merged with Republia to create "Paxchain".

In reality, it is impossible for a multi-million US$ company such as Paxnet to "merge" with a two-bit start-up such as Republia with zero assets.

Pathetic




Minexcoin Telegram group fell apart after huge confilct with administrators and massive banning of 85 members on 5th.May. It has been frozen for 3 days,without any activities-messages:












Cutting all communications with community and presenting total lack of will to do active discussions with its supporters,Minexcoin put the last nail in its coffin.


sr. member
Activity: 916
Merit: 312
Thunderjet, your analysis describes in the most defined way the tactics of the demolition man, as JollyGood refers to Boris.

After the examination of the Minexbank parking rates and the insanity hiding behind the numbers,

anyone can clearly see the similarities bearing with any HYIP program out there, confirming its fraudulent nature.


You are right. Minexsystems has numerous marks of HYIP scheme (huge interest rate, multiple false promises, owner unlimited greed which leads to collapse) , with one twist - part of collected money from investors,owner wanted to use for his own projects which should help him to make enough money to leave permanently construction business ,he obviously does not like so much.
legendary
Activity: 2534
Merit: 1713
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Indeed as you mentioned Paxchain, this hilarious rebranding of Republia, trying to ape the name of the South Korean company Paxnet, while in reality it is just a desperate Minexsystems abortion.

The scammers at Republia are passing it off as a "merger" between two companies by saying Paxnet has merged with Republia to create "Paxchain".

In reality, it is impossible for a multi-million US$ company such as Paxnet to "merge" with a two-bit start-up such as Republia with zero assets.

Pathetic
legendary
Activity: 2534
Merit: 1713
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All that failures with payment cards were just a sideshow. As you noticed good with parking program ,it was a nice bait for investors. They gave 70% + yearly interest rate combined with false promises in the whitelist about how they will keep price in the tight range of +-5% and how Minexbank will intervene in the market in the case of excessive supply. Investors took the bait,forgetting that such high interest rate means pre-built hyperinflation in the system which will obliterate theirs investments almost to 0. During all that time Minexbank didnt intervene one single time on the market.While Minexsystems CEO Boris Shulayev promoted his parking program with high interest rates,he was mercilessly selling premined coins worth 100s of BTCs on the exchanges,dumping as much as he can, destroying markets and making fools from investors again.


Now we know how Minexsystems ICO was a scam from the beginning.Money collected from investors ,Minexsystems CEO Boris Shulayev immediately put in his private project making AR and VR video games, never mentioned to investors before and from which investors has no any gain.Later Boris admitted how Minexsystems expenses exceeded  $260.000 per month.With the number of employees, expenses could not have reach more than $50-60000 per month(and mostly used for making video game,not things he promised to investors in the Whitelist),so about 20% of investors money he invested in making his video game and 80% went to his pockets.

If it were not for your excellent research we would nopt have known about the AI/VR side-show that Boris was concentrating on and we would not have been aware of so many things related to Boris, Minex, Republia and their inner circle scammer alliance consisting of Temhuk and pool operator Racquemis1 along with paid trolls such as Jedgar, Yurii Pohrebniak / yurez83, akira128 and several others.

Thank you thunderjet for all your efforts in helping to expose Boris and his Minexcoin/Minexpay/Minexsystem scam along with the Republia/Paxchain scam.
sr. member
Activity: 916
Merit: 312
I suppose the major disaster for any investor that got involved in this trainwreck, must be the 'parking' of any significant amount in Minexbank.

This is something I had considered initially myself but never put into action, thankfully being appalled by their constant failures to run a simple card program.

Imagine the horror of someone putting a couple of grand for 'parking' and watching his invested capital being reduced to dog shit.

In this case, the dog shit are significantly more valuable compared to this Minexcoin.



All that failures with payment cards were just a sideshow. As you noticed good with parking program ,it was a nice bait for investors. They gave 70% + yearly interest rate combined with false promises in the whitelist about how they will keep price in the tight range of +-5% and how Minexbank will intervene in the market in the case of excessive supply. Investors took the bait,forgetting that such high interest rate means pre-built hyperinflation in the system which will obliterate theirs investments almost to 0. During all that time Minexbank didnt intervene one single time on the market.While Minexsystems CEO Boris Shulayev promoted his parking program with high interest rates,he was mercilessly selling premined coins worth 100s of BTCs on the exchanges,dumping as much as he can, destroying markets and making fools from investors again.


Now we know how Minexsystems ICO was a scam from the beginning.Money collected from investors ,Minexsystems CEO Boris Shulayev immediately put in his private project making AR and VR video games, never mentioned to investors before and from which investors has no any gain.Later Boris admitted how Minexsystems expenses exceeded  $260.000 per month.With the number of employees, expenses could not have reach more than $50-60000 per month(and mostly used for making video game,not things he promised to investors in the Whitelist),so about 20% of investors money he invested in making his video game and 80% went to his pockets.

legendary
Activity: 2534
Merit: 1713
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I suppose the major disaster for any investor that got involved in this trainwreck, must be the 'parking' of any significant amount in Minexbank.

This is something I had considered initially myself but never put into action, thankfully being appalled by their constant failures to run a simple card program.

Imagine the horror of someone putting a couple of grand for 'parking' and watching his invested capital being reduced to dog shit.

In this case, the dog shit are significantly more valuable compared to this Minexcoin.



Sadly people fell for the scam. Many believed the 145% interest rates were true and did not realise Minex was set up as milking cow for Boris to siphon-off funds for himself so he could lead a jet-setting millionaire lifestyle
legendary
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I am just coming from a brief interaction I had a couple of minutes ago in the Minexpay/Minexcoin Telegram chat that unfortunately ended sadly.
An admin decided to cut off my words and block me from their precious Telegram group after noticing my comment on their 'high level business discussion' on mining farms.
My now-deleted comment was:
''Mining farms are a joke. You want to know what else is a joke? You better not know. Ignorance is bliss''
Probably the admin got the message clearly, before replying to me with the phrase:
'Any proofs?
and cutting our interaction.
I had decided some months ago to give a shot at this Minexpay card, but after seeing their crashing inadequacy on delivering their project timelines, my 'card endeavour' ended with a simple cancelation and refund.
Of course, that refund was another joke on the series of bad jokes this project actually consists of, bearing in mind that the Minexcoin value had dropped dramatically and continues to do so.
This Thread here is a direct reflection of reality on what is going on with this scam venture, and I am really greatful of what all of you are doing here.



thunderjet has been very active here exposing the Minex and Republia scammers. We are all grateful to him.

I am glad you will not be wasting your time in the Minex scam Telegram any more. It is better to save your money and your time by disassociating with anything related to Minex.
legendary
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Racquemis and Cryptorich has been activated recently again in Telegram,trying to reanimate the MNX group.That is a firm sign that some big false announcement(scam) is coming.

In the meantime only about $900 is MNX Buy side deep on EXMO.Below $0.10 there are just few dollars worth Buy orders.


If these scammers are making a come-back on the Minex scam Telegram channel then maybe you are right, they might be co-ordinating some sort of new fake announcement in order to scam investors.

The price is barely above the $0.10 mark now. Within the next 7 days it might fall to $0.05.

Minexcoin/Minexpay/Minexsystem is dying a slow painful death just its sister scam company Republia.
sr. member
Activity: 916
Merit: 312
I think it's time to say goodbye to Boris and his scam.



I had to chuckle at that post.

The truth is much of the money was misused and the fault lay squarely with Boris. All evidence points to Minex being a milking cow in order to raise money for Boris to partly siphon-off for his own lifestyle and luxury and the rest being siphoned-off for the AI/VR gaming project attempt.



Racquemis and Cryptorich has been activated recently again in Telegram,trying to reanimate the MNX group.That is a firm sign that some big false announcement(scam) is coming.

In the meantime only about $900 is MNX Buy side deep on EXMO.Below $0.10 there are just few dollars worth Buy orders.
legendary
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This post will be deleted from the censored scam Minex thread so am posting here:




So the card they sent out during the phase one is not working anymore? Any idea if they are in contact with any bank for the cards?


The cards were sent out illegally in breach of Mastercard rules. In order for Minex to send those cards out they lied to Upaycard saying they owned an Estonian based company and the cards were for their employees.

Both Upaycard and Mastercard blocked the cards because they were not applied for via the Mastercard official program and that was because Boris/Minex did not pass the required Mastercard or VISA criteria.
legendary
Activity: 2534
Merit: 1713
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I think it's time to say goodbye to Boris and his scam.



I had to chuckle at that post.

The truth is much of the money was misused and the fault lay squarely with Boris. All evidence points to Minex being a milking cow in order to raise money for Boris to partly siphon-off for his own lifestyle and luxury and the rest being siphoned-off for the AI/VR gaming project attempt.
sr. member
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I think it's time to say goodbye to Boris and his scam.

legendary
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Now the MNX price hovering just above the $0.11 mark...
legendary
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This post will be deleted from the Minex censored scam thread so am posting here too:


Still, we don't have any clarity on this because they are trying their best to distribute the other one but they are providing any details as of now. Everything seems to be in a dilemma whether we are going to get another card or not we have to wait and see.

No dilemma at all, everything is clear.

There are no 3rd party deals in place, there will not be any more Upaycards or other cards either.

Minexcoin/Minexpay/Minexsystem never had a contract in place with an official Mastercard program manager and never will. The price of MNX is trading around $0.11 each now with a market capital of around $600,000. The scam has completely unravelled and the scam is over.
sr. member
Activity: 916
Merit: 312
Now trading even lower....

MNX is abandoned, gullible investors lost everything. I wonder how long scammer pool operator Racquemis1 will keep running his MNX pools?

I hope those pennies per month he receives in fees for MNX being mined in his pools are worth it against the misery he caused to hundreds of investors when he was spreading propaganda about this scam project.

Those people that lost money in this Minexcoin (and Republia scam) will never forget and will always wish for the same to happen to Boris and his inner circle scammer alliance consisting of Temhuk and pool operator Racquemis1 along with paid trolls such as Jedgar, Yurii Pohrebniak / yurez83, akira128 and several others





MNX is going straight into sinkhole. Trolls who supported this scam didnt care about pain and misery they are causing to MNX investors.They got money for that,which is not even 1% what Boris took.This project has never had any chances to survive because it was designed as a scam from the beginning.Only purpose of project was to fill Boris pockets and to finance making video game which would make of him a very rich man.

Troll team leading by Temhuk was hired to spread false positive informations and attack anyone suspicious to project real goals,making additonal time for Boris, needed to drain project to the last cent,to the last premined coin.Boris unlimited greed through relentless selling of premined coins regardless of market conditions significantly shorted this scam project lifetime and directly undermined next and much bigger scam project - Republia. If the scammers were smarter and less greed, they could cause much more damage to investors.

And as always, every new days brings new All Time Low - $0,110126 :





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