TexitCoin has acquired a securities fraud stop and desist from the Texas State Securities Board (TSSB).
As per TSSB’s February eleventh TexitCoin fraud order;
Respondent TEXITcoin, Respondent MineTXC, Respondent Mint, and Respondent Grey (hereinafter “Respondents”) are issuing passive investments in cryptocurrency mining known as packages (hereinafter known as “Mining Packages”), and they’re representing that after traders buy a package deal, traders have their”…seat on the rocket ship, and now you’ll be able to merely sit again and benefit from the trip.”
Respondents are utilizing a multi-level advertising and marketing community of gross sales brokers to supply and promote the Mining Packages, and they’re paying bonuses and commissions to those brokers.
These gross sales brokers are utilizing social media and on-line media to supply the Mining Packages, recruit new gross sales brokers, and direct potential traders to Respondents.
Respondents are partaking in unlawful, fraudulent, misleading, and/or deceptive practices in reference to the provide of the Mining Packages to Texas residents.
TexitCoin is an MLM crypto Ponzi run by Bobby Grey, aka Rob Grey and Robert J. Grey
TexitCoin sees customers, most of that are believed to be US residents, pitched to put money into TXC token “mining packages”.
That is finished on the promise of a passive return, paid out in TXC token. The Ponzi facet of TexitCoin sees Grey and early traders money out beforehand invested funds.
In the meantime with nothing marketed or bought to retail clients, the MLM facet of TexitCoin operates as a pyramid scheme.
From the TSSB;
The Mining Packages are securities as that time period is outlined in Part 4001.068 of the Securities Act
The Mining Packages haven’t been registered by qualification, notification coordination, and no allow has been granted for his or her sale in Texas.
Respondents haven’t been registered with the Securities Commissioner sellers or brokers at any time materials hereto.
Respondents are violating Part 4003.001 of the Securities Act by providing securities on the market in Texas at a time when the securities usually are not registered with or permitted by the Securities Commissioner.
Respondents are violating Part 4004.051 of the Securities Act by providing securities on the market in Texas with out being registered pursuant to the provisions of Part 4004.051 of the Securities Act.
Respondents are partaking in fraud in reference to the provide for the sale of securities.
Respondents are making presents containing statements which can be materially deceptive or in any other case prone to deceive the general public.
Respondents’ conduct, acts, and practices threaten rapid and irreparable public hurt.
As of February eleventh, TexitCoin and its promoters have been ordered to right away stop and desist operations in Texas. This consists of promotion of TexitCoin to US residents.
Texas state securities legislation is virtually equivalent to federal US securities legislation. BehindMLM recognized nationwide securities fraud in our September 2025 TexitCoin overview.
We additionally famous TexitCoin’s preliminary collapse in direction of late December 2025.
Within the hours after TSSB issued its TexitCoin fraud order, Bobby Grey and different insiders have been cashing out.
TSSB’s investigation has seen them peg TexitCoin investor losses at “over $147 million”:
The MineTXC Web site claims Respondents have raised over $147 million and paid out roughly $65 million in commissions.
Pending additional motion from the SEC and/or DOJ, the overall variety of TexitCoin traders and the way a lot they’ve misplaced is unknown.
