Iskander Network

Iskander Network is an operating, actively soliciting program, but the picture around it is heavily shaped by its lineage. The company's own materials openly tie it to TEXITcoin as 'Phase 3' and name Bobby Gray as founder [web: iskandernetwork.com]. The most concrete independent evidence concerns that predecessor: on February 11, 2026, the Texas State Securities Board issued an Emergency Cease and Desist Order against TEXITcoin, MineTXC, Blockchain Mint and Robert J. Gray, alleging the fraudulent offer and sale of unregistered securities through a multi-level-marketing structure that raised over $147 million [web: ssb.texas.gov]. That order is an allegation by the regulator, not an adjudicated conviction, and it names the predecessor entities rather than Iskander itself. The action was corroborated by multiple news outlets [web: wfaa.com] [web: fox26houston.com] and republished by Wolters Kluwer/CCH [web: business.cch.com].

After the order, reporting states that Gray relocated to Hong Kong — a jurisdiction without a U.S. extradition treaty — and pivoted to Iskander as a rebrand that drops TEXITcoin's Texas positioning [web: disruptionbanking.com]. We report the relocation and rebrand as documented facts and leave any motive to the reporting. No regulator has publicly named 'Iskander' specifically as of this writing, and we found no primary SEC filing confirming an SEC investigation, so we make no such claim. Weighing the undisclosed leadership beyond Gray, the privacy-shielded January 2026 domain, the token-denominated pay-in model with recruitment incentives, and the founder's regulatory history, we rate the overall risk high. This profile does not assert that Iskander is illegal or fraudulent; it lays out the verifiable structural facts and the regulator's findings about the closely related predecessor so readers can decide for themselves [web: sec.gov].

Iskander Network — also branded as Iskander Coin and the Iskander Digital Mining Cooperative (IDMC) — is a cryptocurrency mining-investment program that surfaced in early 2026. Its website markets it as 'Phase 3 of the Global Mining Network,' part of what the company calls an 'Honest Money Ecosystem,' and lists Robert J. 'Bobby' Gray as founder [web: iskandernetwork.com]. A second domain, iskandercoin.com, redirects to the main site under the same 'Phase 3' branding [web: iskandercoin.com].

The project is best understood as a rebrand of TEXITcoin, an earlier mining-token venture led by the same founder. Gray appeared as TEXITcoin's founder at TOKEN2049 Singapore in 2025 [web: token2049.com], and financial-industry reporting describes Iskander as a successor that Gray stood up after regulatory trouble hit TEXITcoin [web: disruptionbanking.com]. Iskander's rewards are even paid partly in the original TXC token alongside its new ISK token [web: iskandernetwork.com].

The company presents itself as a Wyoming Decentralized Unincorporated Nonprofit Association (DUNA) using a registered-agent address at 30 N Gould Street, Suite R, Sheridan, Wyoming — a widely used shared mail-forwarding address. The primary domain was registered on January 27, 2026 via Amazon Registrar with privacy protection hiding the registrant [web: iskandernetwork.com]. We were not able to independently verify the Wyoming legal-entity registration against a state record, so treat the DUNA structure as company-asserted.

Entry is tied to buying mining seats. Per the company's own pricing, packages begin at a $995 Starter (one seat, 100 mh/s) and scale up to approximately $241,785 for 150 seats; a $0 'Earned Merit Position' is also advertised [web: iskandernetwork.com]. In practice, meaningful participation requires paying in, and rewards are delivered in the project's own ISK/TXC tokens rather than in cash, which means the value of any 'earnings' depends on those tokens holding a market price. For reference, the predecessor TXC token collapsed from about $6.35 to under $1 during the TEXITcoin fallout [web: gate.com]. Anyone considering a seat should treat the full purchase amount as at-risk capital.