They had a time-lock for 1 year by their statements but looks like they started selling before the 1 year time-lock expired.
Thank you for this information this is exactly what I was asking for. So this sell-off was another scamfromMinexcoin team because there was 1 year lock period.
I wonder how this is possible that they did it and there was no punishment or even noise from investors and bounty hunters.
To be honest I haven't heard anything and as I told already I was here frequently and tried to be up to date.
During blockchain analysis of Minexsystems BTC wallet I found that ICO money was spent(cashed out on few exchanges) till June 2018,but first premined coins were sold on 13.Dec.2017 on Livecoin exchange. They started selling premined coins far before all ICO money was spent which points that theirs primary intention was to use ICO as cash cow.
They claimed how theirs monthly expenses were $280.000 which is complete lie(max. around $50.000),especially as we know how they delivered nothing from whitelist.From the day one money was diverted in Boris pockets and in his private project - making video game which was never part of whitelist.So,part of money went into Boris pockets directly,part of it he invested in his private video game project, which would make him a filthy rich man.