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All screenshots are provided to BitPinas by victims and concerned individuals.
Following weeks of frozen withdrawals and strict “recruit-to-withdraw” mandates, the LS Team, which is the marketing group behind the unlicensed KBS Exchange, has announced it is terminating its partnership with the platform, effectively leaving thousands of Filipino investors unable to access their funds.
In a classic “exit scam” maneuver, the group is now directing members to migrate to a new, obscure platform called “AUX Exchange” (or AUX O-Coin).
The collapse has dissolved into chaos, characterized by “analysts” mocking victims, leaders quoting the Bible to pacify anger, and desperate investors being told their financial ruin is “their business.”
LS Team ‘Terminates’ KBS Partnership
According to internal announcements sent to investors, LS Team leaders claim they engaged in “extensive discussions” with KBS leadership regarding the slow withdrawal process but were “unable to reach an agreement”.
“Therefore, after careful consideration, the LS team has decided to terminate its partnership with the KBS platform,” the message read.
Leaders claimed they are now safeguarding member interests by “finalizing a strategic partnership with AUX Exchange”.
The New Trap: AUX Exchange and ‘Elements’ App
As part of this “split,” members are being instructed to download a new chat software called “Elements” and register on a new trading platform branded as AUX.
Community reports submitted to BitPinas identified several URLs associated with this new platform, none of which match the legitimate AUX decentralized exchange. These include:
- 867-03 .com
- 86753 .com
- aux-ocoin .vip
- 11aux .com
- 22aux .com
A check of the domain 867-03 .com reveals it was created on December 12, 2025, which is just days before the announcement of the migration. This timing suggests the “breakup” with KBS was likely pre-planned to move users to a fresh environment before the original scheme collapsed.
‘That’s Your Business’: “Analysts” Turn Hostile
As panic set in, the tone of the “analysts” and mentors shifted from supportive to hostile.
In one exchange shared with BitPinas, a desperate user pleaded with an analyst regarding the delays, stating, “But bills can’t be patient ma’am.”
The analyst’s cold response was: “That’s your business.”
When another user pressed for a “word of assurance” that funds would be released the next day, the “Founder of LS Team” admitted, “I cannot guarantee that everyone will receive the money they expect… I cannot guarantee the withdrawal amount”.
The Religious Pivot
Amidst the chaos, a faction calling itself “Team Veltrix,” led by a figure named Amadeus, issued a dramatic statement attempting to frame the collapse as a spiritual battle.
Claiming to have already appeared before the National Bureau of Investigation (NBI), Amadeus urged members to “entrust justice to God” rather than succumbing to anger.
“Vengeance belongeth unto me, I will recompense, saith the Lord. (Romans 12:19, KJV)”
The statement continued: “Let us entrust justice to God, while we do our part with integrity… Division will only weaken our cause; unity will give it strength.”
It remains unclear whether these leaders are genuine victims or are using religious language to pacify angry investors and prevent them from filing individual lawsuits.
Inside the Collapse: Analysts Cites ‘Shortage of Funds’
In a screenshot provided to BitPinas, an analyst identified as “LS_Analyst-Anne” admitted to a user that the team is insolvent. Note that this analyst might be lying and this is part of the ruse to lure the victim into another scam.
“Given the current situation, the LS team may face some subsequent problems due to a shortage of funds… I have resigned from the LS team,” the message read.
However, she immediately pivoted to a new pitch, recommending the “RH Team” and promising the user could recover their capital if they joined the new group—on the condition of absolute secrecy: “Please don’t tell anyone about this conversation between us.”
Other analysts were dismissive of members’ concerns. When asked when withdrawals would resume, a mentor named Alice replied, “It will take roughly a year and more,” effectively telling investors their money is gone.
Technical Red Flags: Why You Can’t Just ‘Migrate’ Funds
Crypto experts and affected users have pointed out the technical impossibility of the LS Team’s promises.
As noted by a user who contacted BitPinas: “If withdrawals are not functioning on the original custodial platform [KBS], balances cannot technically be transferred elsewhere.”
In legitimate cryptocurrency exchanges, user funds are held in wallets controlled by the exchange. If KBS refuses to release funds, a third-party marketing group (LS Team) cannot simply “move” those balances to a new website (AUX) unless the same operators are running both the old and new platforms.
This pattern mirrors previous scams, where a platform declares a “system upgrade” or “migration” to a new domain to reset the scam, often requiring users to deposit “activation fees” to access their migrated “balance”, which is usually just a number on a screen with no real backing.
Steps to Avoid The Next LS KBS Scam
- Do not deposit more money into AUX or RH Team platforms.
- Report the incident to the SEC Enforcement and Investor Protection Department (EIPD) at [email protected].
- File a complaint with the NBI Cybercrime Division.
More Screenshots
This article is published on BitPinas: LS KBS Collapses: Team ‘Cuts Ties’ with Exchange, Lures Users to New ‘AUX’ Platform as Funds Remain Frozen
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