Bitcoin Latinum
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 0 → 26. Problems weighed by who is responsible: the subject's own conduct −90, concerns that are not fraud −3.2, problems around the subject, caused by others −2.3; legitimacy credit long-running +10; no established finding that it defrauded anyone, so it stays out of the red band; fact-check adjustments (−8) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -90 |
| Concerns that are not fraud | -3.2 |
| Problems around it, caused by others | -2.3 |
| Long-running | +10 |
| Sum | -20 |
- No established finding that it defrauded anyone, so it stays out of the red band (26 or above).
Score: 26/100 (kept between 0 and 100)
How scoring works →Summary
Bitcoin Latinum (ticker: LTNM) is a cryptocurrency project launched in 2020 by Donald G. Basile through entities GIBF GP, Inc. and Monsoon Blockchain Corporation. The project marketed itself as the world's first insured, asset-backed digital currency and raised approximately $16 million from hundreds of investors via Simple Agreements for Future Tokens (SAFTs). In April 2026, the U.S. Securities and Exchange Commission filed a civil fraud complaint against Basile and his companies, alleging that the asset-backing and insurance claims were fabricated, that investor funds were misappropriated for personal use, and that the token ultimately became worthless.
Connected Entities
7 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- Donald Basile→mentioned with→Ethereum(60%)
- Donald Basile→mentioned with→Bitcoin(65%)
- Donald G. Basile / Bitcoin Latinum (LTNM)→mentioned with→Bitcoin(75%)
- Donald G. Basile / Bitcoin Latinum (LTNM)→mentioned with→Ethereum(60%)
- Binance→mentioned with→Ethereum(65%)
- Bitcoin Latinum→mentioned with→Ethereum(65%)
- Bitcoin Latinum→mentioned with→Bitcoin(70%)
- Bitcoin Latinum→mentioned with→Binance(60%)
- Bitcoin Latinum→mentioned with→Donald Basile(80%)
- + 12 more
2 submissions awaiting moderator review.
Timeline(13 events)
2020
Bitcoin Latinum project launched by Donald Basile through Monsoon Blockchain Corporation and GIBF GP, Inc.
SEC Litigation Release LR-26530March 2021
SEC alleges SAFT fundraising campaign began, ultimately raising approximately $16 million from hundreds of investors.
SEC Charges Donald Basile — CryptoTimesOctober 2021
Phil Hellmuth confirmed as paid celebrity endorser; spotted wearing Bitcoin Latinum-branded apparel at the WSOP.
Hellmuth-promoted cryptocurrency Bitcoin Latinum sued in California — Poker.org19 December 2021
LTNM reached its reported all-time high price of approximately $9,335.81.
Bitcoin Latinum Price Today — BitDegree31 December 2021
SEC alleges the SAFT fundraising period closed, with approximately $16 million raised total.
SEC Charges Donald Basile — CryptoTimes6 January 2022
Bitcoin Latinum announced plans to list on ten additional global exchanges in 2022.
Bitcoin Latinum Announces 2022 Exchange Listing Plans — GlobeNewswire10 January 2022
Bitcoin Latinum announced a partnership with rapper Quavo of Migos for Cyber Yachts NFT collections.
Bitcoin Latinum and Quavo to Launch Cyber Yachts NFTs — GlobeNewswireFebruary 2022
Raymond Jonna, Simon Jonna, and Farid Jamardov filed civil lawsuit against Bitcoin Latinum and Kevin Jonna in the U.S. District Court for the Eastern District of Michigan alleging securities fraud, wire fraud, and fraudulent conversion.
Jonna et al v. Bitcoin Latinum et al — Justia Docket30 November 2022
Forbes published article by Cyrus Farivar headlined 'A Cryptocurrency Named After The Fictional Money In Star Trek Is Worthless And A Scam, New Lawsuit Alleges,' reporting on civil investor lawsuit. Paramount Pictures denied any connection to Bitcoin Latinum.
Forbes — Cyrus Farivar16 January 2023
LTNM reached its reported all-time low price of approximately $0.0174.
Bitcoin Latinum Price Today — BitDegreeFebruary 2024
Bitcoin Latinum filed defamation lawsuit in Delaware Court of Chancery against Forbes journalist Cyrus Farivar; legal commentators characterized the action as a potential SLAPP suit.
Bitcoin Latinum Sues Forbes Writer Over Fraud Article — CryptoTimes17 June 2024
U.S. District Court for the Eastern District of Michigan denied Bitcoin Latinum's motion to compel arbitration in the Jonna civil lawsuit, allowing the case to proceed in open court.
Crypto Firm Latinum Can't Arbitrate Investors' Fraud Suit — Law36017 April 2026
U.S. Securities and Exchange Commission filed civil fraud complaint against Donald G. Basile, GIBF GP, Inc., and Monsoon Blockchain Corporation in the U.S. District Court for the Southern District of New York, alleging $16 million in investor fraud through false insurance and asset-backing claims (SEC LR-26530). The case is pending.
SEC Litigation Release LR-26530Decision Log
- slot 455360875 · hash F5vbc9SqipkNomuwdkTZCVASmuexmjRn6nQuNBctfDt2
- slot 443511360 · hash BXVcxKk2guJTeCtMZULycdFCe3AAUyy8m6HU92fqEjgd
- slot 443511331 · hash Cr7w1AmxjwRaTAbJqijmok3KTTK3djaUdhcGP5g7jHK5
- slot 443509801 · hash Dmjh4R3oLVWtrAAwJcbQjRcpfkTEcwDs1hKZRRtCtECh
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 17 of 19 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/21/2026, 11:08:30 PM
last updated: 10/10/2026, 6:41:42 PM
5 viewsavoid.net — verified advice for a post-truth world