It lasts longer than expected for a scam due to few reasons :
- people genuinely believed in Whitelist and Boris promises. Could not see that his promises were completely baseless and with one purpose only - to fool them
- Temhuk troll team created a hype about it,fooling people about real nature of Minexcoin.It works until hard evidences about Minexcoin emerged
- people didnt know about Boris bad business history and numerous lawsuits against him
- people didnt know that Boris almost immediately after ICO diverted collected money to fund his private projects instead promised in Whitelist
- people didnt know that Boris is dumping his free premined coins all the time and is using money from it for his own purposes which has nothing in common with investors interests
- people want to believe it will be better - hope dies last
It is abandonned coin,sinking to the bottom and holding only by few remaining gamblers who believe that somehow Boris will save coin in the last second... Hope dies last.
Do you think there was ever a genuine project here or was it a scam from the beginning trying to siphon-off as much money possible especially when MNX were trading at over $56 and was worth over $169 million?
It is very difficult to understand why Boris would use this whole project as a front just to get as much money as possible just to divert in to his VR/AI dreams. As his history in Court over Tax issues suggests Boris is not exactly the most honest or trustworthy person around so it is obvious some of those funds siphoned-off must have been used to live off to support his lifestyle.
Now it is obvious that it was scam from the beginning,where Boris is just frontman.I strongly believe that multiple persons are involved in this so call "rogue alliance of small construction businessmen-RASCB"

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They saw opportunity in cryptoworld and ICOs as one unregulated bussiness to take a lot of money for themselves without any consequences.Whitelist was just a bait for investors.Almost immediately after ICO phase ,money was diverted partly in theirs pockets and partly in theirs own private projects.We know for gaming project,but we cant be sure that it was only one.
While other members involved in scam were just greedy and only want to siphon-off as much as possible money,Boris saw it as opportunity to prove others and to himself as a great businessman,so he invested part of money in gaming project with only goal to make him multi-millionaire or even billionaire.He multiple times repeated how he firmly believe in obvious nonsense that MNX will reach +$50000 value and that MNX will become global payment option No1. He deeply believed in it blinded by his super ego.
Younger members of Minexsystems scam wanted to make theirs own scam and founded Republia which failed miserably because people lost any trust to people heavily involved in Minexsystems scam.