Audit log

Every state-changing event for Bitcoin Latinum (LTNM) / Monsoon Blockchain Corporation: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-08-03 12:03:54Z
   Score: ? → ? (no score change)
   anchorpending

   chain

   ●—

   hash

   BgtwCBA94MYu…eagus2zVcopysha256 → base58

   verifying row…

   canonical bytes (16517 B) ▸

   {"actor":"system:backfill","investigation_id":"2310f6fe-98ef-4dfb-8042-0ce40c2a03d7","kind":"publish","page_slug":"bitcoin-latinum-ltnm-monsoon-blockchain-corporation","published_at":"2026-08-03T12:03:54.360Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Bitcoin Latinum (LTNM) / Monsoon Blockchain Corporation","sections":[{"content":"On April 17, 2026, the U.S. Securities and Exchange Commission filed a civil fraud complaint — SEC v. Basile, No. 1:26-cv-02293 (E.D.N.Y.) — against Donald G. Basile, GIBF GP Inc., and Monsoon Blockchain Corporation, alleging violations of the antifraud and registration provisions of the federal securities laws. The SEC's litigation release lr-26530 identifies the defendants as having raised approximately $16 million from hundreds of accredited investors through a SAFT (Simple Agreement for Future Tokens) offering conducted under Regulation D between March and December 2021. The SEC is seeking permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest, civil monetary penalties, and a permanent bar preventing Basile from serving as an officer or director of any public company.","heading":"SEC Enforcement Action","severity":"critical","sources":[{"credibility":1,"name":"SEC Litigation Release lr-26530: Donald G. Basile, GIBF GP Inc., and Monsoon Blockchain Corporation","type":"regulatory","url":"https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26530"},{"credibility":1,"name":"SEC Complaint comp26530.pdf","type":"court_filing","url":"https://www.sec.gov/files/litigation/complaints/2026/comp26530.pdf"}]},{"content":"According to the SEC complaint, Basile and his entities repeatedly made materially false and misleading statements to investors throughout the offering period. The central misrepresentation was that Bitcoin Latinum was 'the world's first insured digital asset,' with alleged coverage of up to $1 billion provided by an international insurance broker and risk advisor. The SEC confirmed no such insurance policy ever existed. Basile additionally represented that LTNM was asset-backed by an 'existing trust' containing a diversified pool of digital assets including Bitcoin and Ethereum to secure the token's underlying value. No such trust or asset pool was ever established. Investors were also told that at least 80% of their funds would be used to support the token's underlying value — a claim that was fabricated. Monsoon Blockchain Corporation's public materials described LTNM as 'an insured, asset-backed cryptocurrency' and stated its 'asset backing is held in a fund model, so that base asset value increases over time.' These statements are now alleged by the SEC to have been entirely false.","heading":"Fraudulent Marketing Claims","severity":"critical","sources":[{"credibility":1,"name":"SEC Litigation Release lr-26530","type":"regulatory","url":"https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26530"},{"credibility":2,"name":"SEC Charges Bitcoin Latinum Founder Over Alleged $16M Investor Fraud — Crypto Briefing","type":"news_article","url":"https://cryptobriefing.com/sec-charges-fraud-bitcoin-latinum/"},{"credibility":2,"name":"SEC Charges Donald Basile in $16M Bitcoin Latinum Crypto Fraud Case — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/04/18/sec-charges-donald-basile-in-16m-bitcoin-latinum-crypto-fraud-case/"},{"credibility":3,"name":"Monsoon Blockchain Powers the Next Generation Cryptocurrency Ecosystem for Bitcoin Latinum — Yahoo Finance","type":"other","url":"https://finance.yahoo.com/news/monsoon-blockchain-powers-next-generation-120700383.html"}]},{"content":"The SEC alleges that rather than deploying investor capital to support the Bitcoin Latinum token ecosystem as promised, Basile diverted the majority of the approximately $16 million raised to personal expenses. According to the complaint, specific misappropriations included approximately $4.1 million spent on a Miami condominium, approximately $2.8 million on a Park City, Utah residence, approximately $1.4 million charged to personal American Express accounts, approximately $1 million transferred to accounts he personally controlled, and $160,000 for the purchase of a horse for his daughter. These diversions collectively represent more than 60% of total investor funds raised, contradicting the representation that at least 80% of proceeds would be used to support the token's value.","heading":"Misappropriation of Investor Funds","severity":"critical","sources":[{"credibility":2,"name":"SEC hits crypto founder with fraud suit over $16M Bitcoin Latinum raise — InvestmentNews","type":"news_article","url":"https://www.investmentnews.com/regulation-legal-compliance/sec-sues-crypto-founder-alleging-16m-token-fraud-built-on-phantom-insurance/266228"},{"credibility":2,"name":"SEC Charges Bitcoin Latinum Founder Donald Basile With $16 Million Investor Fraud — Blockonomi","type":"news_article","url":"https://blockonomi.com/sec-charges-bitcoin-latinum-founder-donald-basile-with-16-million-investor-fraud/"},{"credibility":1,"name":"SEC Litigation Release lr-26530","type":"regulatory","url":"https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26530"}]},{"content":"Bitcoin Latinum (LTNM) was described publicly as a Bitcoin hard fork capable of handling large transaction volumes, cybersecurity, and digital asset management, with a maximum supply of 888,888,888 LTNM. The SAFT offering to accredited investors ran from March to December 2021. The token began listing on overseas exchanges including HitBTC, LBank, DigiFinex, Hotbit, and XT.com in October 2021. LTNM reached an all-time high price of approximately $9,335 on December 19, 2021, before collapsing to under $16 by late January 2022. The token was never properly listed on major tier-one exchanges. It subsequently became worthless, with reported circulating market capitalization at effectively zero. Investors who purchased SAFTs were left with no means of recovering value. Monsoon Blockchain Corporation announced plans in January 2022 to expand to twenty total global exchanges, but this expansion did not materialize in any meaningful way before the project failed.","heading":"Token History and Market Collapse","severity":"high","sources":[{"credibility":3,"name":"Bitcoin Latinum Announces 2022 Exchange Listing Plans — Yahoo Finance","type":"other","url":"https://finance.yahoo.com/news/bitcoin-latinum-announces-2022-exchange-112500396.html"},{"credibility":2,"name":"SEC hits crypto founder with fraud suit over $16M Bitcoin Latinum raise — InvestmentNews","type":"news_article","url":"https://www.investmentnews.com/regulation-legal-compliance/sec-sues-crypto-founder-alleging-16m-token-fraud-built-on-phantom-insurance/266228"},{"credibility":2,"name":"Bitcoin Latinum (LTNM) Price History — Bitget","type":"on_chain","url":"https://www.bitget.com/price/bitcoin-latinum/historical-data"}]},{"content":"Monsoon Blockchain Corporation was incorporated and headquartered in Palo Alto, California. It served as the prime developer of the Bitcoin Latinum network, publicly described as acting on behalf of a 'Bitcoin Latinum Foundation.' The company positioned itself as focused on blockchain-based cloud solutions across financial services, telecommunications, and media and entertainment. Donald G. Basile served as CEO and founder of Monsoon Blockchain Corporation. Basile previously served as CEO of Fusion-io, a data storage company that had commercial relationships with Apple, Facebook, HP, IBM, and Dell, lending him apparent industry credibility that the SEC alleges was leveraged to attract investors. GIBF GP Inc. was a second entity controlled by Basile through which the SAFT offering was conducted. The SEC complaint names all three — Basile personally, GIBF GP Inc., and Monsoon Blockchain Corporation — as defendants.","heading":"Corporate Structure and Key Individuals","severity":"high","sources":[{"credibility":3,"name":"Monsoon Blockchain Powers the Next Generation Cryptocurrency Ecosystem for Bitcoin Latinum — Yahoo Finance","type":"other","url":"https://finance.yahoo.com/news/monsoon-blockchain-powers-next-generation-120700383.html"},{"credibility":1,"name":"SEC Litigation Release lr-26530","type":"regulatory","url":"https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26530"},{"credibility":2,"name":"SEC Charges Donald Basile in $16M Bitcoin Latinum Crypto Fraud Case — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/04/18/sec-charges-donald-basile-in-16m-bitcoin-latinum-crypto-fraud-case/"}]},{"content":"The SEC complaint states that hundreds of investors across the United States and internationally participated in the SAFT offering and collectively contributed approximately $16 million. The offering was conducted as a Regulation D offering marketed to accredited investors. Investors received SAFTs — contractual rights to receive LTNM tokens at a future date contingent on an operational milestone that Basile, through GIBF GP Inc., held sole discretion to declare. That milestone was never declared, and investors never received tokens. Following the token's collapse and the project's cessation of activity, investors were left with worthless instruments and no viable path to recovery prior to SEC intervention. As of the filing date of April 17, 2026, civil litigation is ongoing and no final judgment has been entered.","heading":"Investor Impact","severity":"high","sources":[{"credibility":2,"name":"SEC Charges Bitcoin Latinum Founder Donald Basile With $16 Million Investor Fraud — Blockonomi","type":"news_article","url":"https://blockonomi.com/sec-charges-bitcoin-latinum-founder-donald-basile-with-16-million-investor-fraud/"},{"credibility":2,"name":"SEC hits crypto founder with fraud suit over $16M Bitcoin Latinum raise — InvestmentNews","type":"news_article","url":"https://www.investmentnews.com/regulation-legal-compliance/sec-sues-crypto-founder-alleging-16m-token-fraud-built-on-phantom-insurance/266228"}]},{"content":"As of mid-2026, the Bitcoin Latinum token (LTNM) has an effectively zero market capitalization and no meaningful trading activity on any exchange. The token's website (bitcoinlatinum.com) remains accessible but represents an abandoned project. Monsoon Blockchain Corporation has no known active operations. The SEC civil case SEC v. Basile (No. 1:26-cv-02293, E.D.N.Y.) remains pending as of the April 17, 2026 filing date. No criminal charges have been publicly reported. Investors who purchased LTNM SAFTs through the 2021 offering have no established recovery mechanism outside of any potential disgorgement ordered by the court.","heading":"Current Project Status","severity":"medium","sources":[{"credibility":2,"name":"Bitcoin Latinum price today — CoinMarketCap","type":"on_chain","url":"https://coinmarketcap.com/currencies/bitcoin-latinum/"},{"credibility":1,"name":"SEC Litigation Release lr-26530","type":"regulatory","url":"https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26530"}]}],"sources_used":[{"credibility":1,"name":"SEC Litigation Release lr-26530: Donald G. Basile, GIBF GP Inc., and Monsoon Blockchain Corporation","type":"regulatory","url":"https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26530"},{"credibility":1,"name":"SEC Complaint comp26530.pdf","type":"court_filing","url":"https://www.sec.gov/files/litigation/complaints/2026/comp26530.pdf"},{"credibility":2,"name":"SEC hits crypto founder with fraud suit over $16M Bitcoin Latinum raise — InvestmentNews","type":"news_article","url":"https://www.investmentnews.com/regulation-legal-compliance/sec-sues-crypto-founder-alleging-16m-token-fraud-built-on-phantom-insurance/266228"},{"credibility":2,"name":"SEC Charges Bitcoin Latinum Founder Over Alleged $16M Investor Fraud — Crypto Briefing","type":"news_article","url":"https://cryptobriefing.com/sec-charges-fraud-bitcoin-latinum/"},{"credibility":2,"name":"SEC Charges Donald Basile in $16M Bitcoin Latinum Crypto Fraud Case — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/04/18/sec-charges-donald-basile-in-16m-bitcoin-latinum-crypto-fraud-case/"},{"credibility":2,"name":"SEC Charges Bitcoin Latinum Founder Donald Basile With $16 Million Investor Fraud — Blockonomi","type":"news_article","url":"https://blockonomi.com/sec-charges-bitcoin-latinum-founder-donald-basile-with-16-million-investor-fraud/"},{"credibility":2,"name":"SEC Sues Bitcoin Latinum Founder for $16M Fraud — Phemex News","type":"news_article","url":"https://phemex.com/news/article/sec-sues-bitcoin-latinum-founder-for-alleged-16-million-fraud-74120"},{"credibility":3,"name":"Monsoon Blockchain Powers the Next Generation Cryptocurrency Ecosystem for Bitcoin Latinum — Yahoo Finance","type":"other","url":"https://finance.yahoo.com/news/monsoon-blockchain-powers-next-generation-120700383.html"},{"credibility":3,"name":"Bitcoin Latinum Announces 2022 Exchange Listing Plans — Yahoo Finance","type":"other","url":"https://finance.yahoo.com/news/bitcoin-latinum-announces-2022-exchange-112500396.html"},{"credibility":2,"name":"Bitcoin Latinum (LTNM) Price History — Bitget","type":"on_chain","url":"https://www.bitget.com/price/bitcoin-latinum/historical-data"},{"credibility":2,"name":"Bitcoin Latinum price today — CoinMarketCap","type":"on_chain","url":"https://coinmarketcap.com/currencies/bitcoin-latinum/"}],"summary":"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.","timeline":[{"date":"2020-01-01","event":"Bitcoin Latinum (LTNM) project launched by Donald Basile and Monsoon Blockchain Corporation, marketed as a Bitcoin hard fork with insurance backing.","source":"Yahoo Finance / Monsoon Blockchain press release","source_url":"https://finance.yahoo.com/news/monsoon-blockchain-powers-next-generation-120700383.html"},{"date":"2021-03-01","event":"SAFT offering commenced. GIBF GP Inc. and Monsoon Blockchain Corporation begin raising funds from accredited investors with promises of future LTNM token delivery.","source":"InvestmentNews","source_url":"https://www.investmentnews.com/regulation-legal-compliance/sec-sues-crypto-founder-alleging-16m-token-fraud-built-on-phantom-insurance/266228"},{"date":"2021-10-01","event":"LTNM begins trading on overseas exchanges including HitBTC, LBank, DigiFinex, Hotbit, and XT.com.","source":"InvestmentNews","source_url":"https://www.investmentnews.com/regulation-legal-compliance/sec-sues-crypto-founder-alleging-16m-token-fraud-built-on-phantom-insurance/266228"},{"date":"2021-12-01","event":"SAFT offering closes. Approximately $16 million raised from hundreds of investors. Basile allegedly had already diverted substantial funds to personal use.","source":"SEC Litigation Release lr-26530","source_url":"https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26530"},{"date":"2021-12-19","event":"LTNM reaches all-time high price of approximately $9,335 on secondary market exchanges.","source":"Bitget Price History","source_url":"https://www.bitget.com/price/bitcoin-latinum/historical-data"},{"date":"2022-01-01","event":"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.","source":"Yahoo Finance / InvestmentNews","source_url":"https://finance.yahoo.com/news/bitcoin-latinum-announces-2022-exchange-112500396.html"},{"date":"2026-04-17","event":"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.","source":"SEC Litigation Release lr-26530","source_url":"https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26530"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 02090e84-47fd-4c8d-955c-2560e9a5861fcopy