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.
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.