Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.
📬 Get the biggest crypto stories in the Philippines and Southeast Asia every week — subscribe to the BitPinas Newsletter.
A public advisory has been issued by the Securities and Exchange Commission (SEC) against VALTORO SPARTAN CONSULTANCY CORPORATION and/or VALTORO SPARTAN TRADING and its representatives, as it is not authorized to solicit investments from the public.
SEC vs. Valtoro Spartan
On its website, Valtoro Spartan (https://valtoro.app/) claims to be a decentralized finance (DeFi) platform with a “VST MEV” bot for its users’ financial transactions.
According to the SEC, it received multiple reports about the DeFi platform’s activities and later found that Valtoro Spartan offers investment plans called the “Lock-in Subscription,” which require a minimum investment of $50 for the following subscription options:
- Option A: 7.5% profit after 15 days
- Option B: 30% profit after 30 days
- Option C: 135% profit after 3 months
- Option D: 360% profit after 6 months
- Option E: 912.5% profit after 12 months
Aside from the subscriptions, Valtoro Spartans also has two referral programs:
- Direct Referral Bonus: 5% commission for every person directly invited who makes an investment.
- Multi-Level Referral Bonus: 1% commission from the investment made by the invitees of one’s direct referrals, up to the 10th level.
“The records of the Commission show that VALTORO SPARTAN CONSUL TANCY CORPORATION, though registered with the Commission as a corporation, does not have the necessary Secondary License from the Commission, hence, it is not authorized to solicit investments from the public.”
Securities and Exchange Commission
Meanwhile, the regulator also warned those who act as salesmen, brokers, dealers or agents, representatives, promoters, recruiters, uplines, influencers, endorsers, abetters, and enablers of Valtoro Spartan, either in soliciting or convincing people to invest in the investment scheme being offered, including soliciting investments or recruiting investors through the internet.
As per the SEC, they may be held criminally liable under Section 28 of the SRC and Section 11 of the Financial Consumer Protection Act and both penalized separately with a maximum fine of ₱5 million or imprisonment of not more than 21 years, or both, pursuant to Section 73 of the Securities Regulation Code.
2026 SEC Advisories
A week after its advisory against Valtoro Spartan, it issued a similar warning against the LS KBS Crypto Trading, KBSEX Exchange, and LS Crypto Currency Humanitarian Org, among others. The group is the central figure in numerous BitPinas reports from December regarding a crypto scam allegedly operating in Bacolod and several areas in the Philippines.
Worth Reading: SEC Issues Advisory Against LS KBS; Declares Entities Unauthorized to Sell Securities
Consequently, it issued separate advisories against trading platforms HFM/HF MARKET and EXNESS GLOBAL LIMITED/EXNESS GLOBAL-TRADING APP for unlicensed operations in the country.
Worth Reading: SEC Issues Advisory Against EXNESS and HFM/HF Market For Illegal Investment Scheme
This article is published on BitPinas: SEC Warns Against Valtoro Spartan’s DeFi Investment Scheme Promising 912% Returns
What else is happening in Crypto Philippines and beyond?
