Bitcoin Latinum (LTNM) / Monsoon Blockchain Corporation
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·43j8s3…wrsrSummary
Bitcoin Latinum (LTNM) was a cryptocurrency token marketed by Monsoon Blockchain Corporation and its CEO Donald G. Basile as the 'world's first insured digital asset,' falsely claiming up to $1 billion in insurance coverage and asset-backing by a digital-asset trust. On April 17, 2026, the SEC filed a civil fraud complaint against Basile, GIBF GP Inc., and Monsoon Blockchain Corporation, alleging that $16 million raised from hundreds of investors via Simple Agreements for Future Tokens (SAFTs) between March and December 2021 was largely misappropriated for personal use. The token collapsed from a peak of approximately $9,335 in December 2021 to worthless, leaving investors with no recourse.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(7 events)
2020
Bitcoin Latinum (LTNM) project launched by Donald Basile and Monsoon Blockchain Corporation, marketed as a Bitcoin hard fork with insurance backing.
Yahoo Finance / Monsoon Blockchain press releaseMarch 2021
SAFT offering commenced. GIBF GP Inc. and Monsoon Blockchain Corporation begin raising funds from accredited investors with promises of future LTNM token delivery.
InvestmentNewsOctober 2021
LTNM begins trading on overseas exchanges including HitBTC, LBank, DigiFinex, Hotbit, and XT.com.
InvestmentNewsDecember 2021
SAFT offering closes. Approximately $16 million raised from hundreds of investors. Basile allegedly had already diverted substantial funds to personal use.
SEC Litigation Release lr-2653019 December 2021
LTNM reaches all-time high price of approximately $9,335 on secondary market exchanges.
Bitget Price History2022
LTNM price collapses from approximately $9,335 to under $16 by late January 2022. Monsoon Blockchain announces plans for 20 exchange listings, which do not materialize.
Yahoo Finance / InvestmentNews17 April 2026
SEC files civil fraud complaint (No. 1:26-cv-02293, E.D.N.Y.) against Donald G. Basile, GIBF GP Inc., and Monsoon Blockchain Corporation, alleging $16 million securities fraud via fraudulent SAFT offering.
SEC Litigation Release lr-26530Decision Log
- hash: Cg9LdGXBbgShxbyPZTgiC7dUM2GQCCNsjTDxyk4Zcbs4
- hash: GfxcS7pNotBFpe5SSPzXpmCFVzFVFXM5zAYzivpPdvd6
- hash: BgtwCBA94MYunJ1av5Q9w2i1WQjUzg4WhctYeagus2zV
This investigation is cryptographically anchored to the Solana blockchain (3 events). 11 of 11 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/3/2026, 12:03:39 PM
last updated: 8/8/2026, 1:02:03 AM
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