Bitcoin Latinum
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
1 entities · 10 linked investigations- + 3 more
Timeline(13 events)
2020-01-01
Bitcoin Latinum project launched by Donald Basile through Monsoon Blockchain Corporation and GIBF GP, Inc.
SEC Litigation Release LR-265302021-03-01
SEC alleges SAFT fundraising campaign began, ultimately raising approximately $16 million from hundreds of investors.
SEC Charges Donald Basile — CryptoTimes2021-10-01
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.org2021-12-19
LTNM reached its reported all-time high price of approximately $9,335.81.
Bitcoin Latinum Price Today — BitDegree2021-12-31
SEC alleges the SAFT fundraising period closed, with approximately $16 million raised total.
SEC Charges Donald Basile — CryptoTimes2022-01-06
Bitcoin Latinum announced plans to list on ten additional global exchanges in 2022.
Bitcoin Latinum Announces 2022 Exchange Listing Plans — GlobeNewswire2022-01-10
Bitcoin Latinum announced a partnership with rapper Quavo of Migos for Cyber Yachts NFT collections.
Bitcoin Latinum and Quavo to Launch Cyber Yachts NFTs — GlobeNewswire2022-02-01
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 Docket2022-11-30
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 Farivar2023-01-16
LTNM reached its reported all-time low price of approximately $0.0174.
Bitcoin Latinum Price Today — BitDegree2024-02-01
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 — CryptoTimes2024-06-17
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 — Law3602026-04-17
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
- #1publish⛓ pending8/21/2026, 11:08:38 PMhash: Dmjh4R3oLVWtrAAwJcbQjRcpfkTEcwDs1hKZRRtCtECh
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: 8/22/2026, 3:23:22 PM
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