Donald Basile
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anchored·umE5Lf…Fj23Summary
Donald G. Basile is a Silicon Valley technology executive and the founder and CEO of Bitcoin Latinum (LTNM) and its developer entity Monsoon Blockchain Corporation. In April 2026, the U.S. Securities and Exchange Commission filed a civil fraud complaint against Basile and two entities he controls, alleging he raised approximately $16 million from hundreds of investors through materially false representations about insurance coverage, asset backing, and fund usage. All allegations in the SEC complaint remain untested in court; no ruling or adjudication has been entered as of the date of this report.
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%)
- Bitcoin Latinum→mentioned with→Ethereum(65%)
- Bitcoin Latinum→mentioned with→Bitcoin(70%)
- Donald Basile→mentioned with→Donald Basile / Bitcoin Latinum (BTCL)(75%)
- Bitcoin Latinum→mentioned with→Donald Basile(80%)
- Donald Basile→mentioned with→Donald G. Basile / Bitcoin Latinum (LTNM)(80%)
- + 17 more
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Timeline(15 events)
August 2006
Donald Basile becomes Chairman of Fusion-io, a flash-storage startup.
Don Basile — WikipediaFebruary 2008
Basile becomes CEO of Fusion-io, overseeing growth from 11 to over 100 employees and raising $79.5 million in financing.
Fusion-io secretly parts with CEO — The RegisterMarch 2009
Basile departs Fusion-io as CEO under unspecified circumstances, replaced by David Bradford; a disagreement over growth projections was cited as a contributing factor.
Fusion-io secretly parts with CEO — The Register15 September 2009
Basile joins Violin Memory as CEO.
Violin Memory grabs Fusion-io's former chief — The RegisterSeptember 2013
Violin Memory completes its NYSE IPO, raising over $400 million but experiencing a first-day share price decline.
Big questions ahead of Violin Memory's IPO — Fortune16 December 2013
Violin Memory's board fires Basile as CEO less than three months after the IPO, citing the need for 'operational focus.' Shares rise approximately 22% on the announcement. Multiple shareholder class-action investigations are initiated.
Violin cuts strings with CEO: Don Basile axed post-IPOcalypse — The Register11 April 2014
Basile and Violin Memory enter a settlement agreement resolving claims related to his departure and severance. No public finding of wrongdoing was made against Basile in the settlement.
Settlement Agreement and Release between Dr. Donald G. Basile and Violin Memory Inc — Justia Contracts2020
Bitcoin Latinum project website launches. Monsoon Blockchain Corporation is established as the primary developer.
SEC charges Bitcoin Latinum founder over alleged $16M investor fraud — Crypto BriefingNovember 2020
Roman DBDR Tech Acquisition Corp. completes its $236 million Nasdaq IPO, with Basile serving as co-CEO and chairman.
TMT SPAC Roman DBDR Tech Acquisition files for a $275 million IPO — NasdaqMarch 2021
SAFT offering for Bitcoin Latinum (LTNM) begins. The SEC alleges Basile raised approximately $16 million from hundreds of investors through materially false representations between March and December 2021.
SEC Litigation Release No. 2653029 September 2021
Bitcoin Latinum announces its first public exchange listing on DigiFinex.
Bitcoin Latinum (LTNM) Announces Upcoming Public Listing on DigiFinex Exchange — GlobeNewswireDecember 2021
SAFT offering for Bitcoin Latinum concludes, having allegedly raised approximately $16 million.
SEC Litigation Release No. 26530February 2022
Jonna et al. v. Bitcoin Latinum et al. (no. 2:2022cv10208) is filed in the Eastern District of Michigan, alleging securities fraud, wire fraud, and fraudulent conversion of investment funds. Case remains pending.
Jonna et al v. Bitcoin Latinum et al — Justia Dockets30 November 2022
Forbes reports on additional lawsuits against Basile and Bitcoin Latinum, including allegations from plaintiff Arshad Assofi claiming more than $15 million in losses and false claims about Star Trek producers' involvement.
A Cryptocurrency Named After The Fictional Money In Star Trek Is 'Worthless' And 'A Scam,' New Lawsuit Alleges — Forbes17 April 2026
The SEC files a civil fraud complaint against Basile, GIBF GP, Inc., and Monsoon Blockchain Corporation (case no. 1:26-cv-02293, E.D.N.Y.), alleging a $16 million investor fraud through the LTNM SAFT offering. No court ruling has been entered. The case is at the complaint stage.
SEC Litigation Release No. 26530Decision Log
- hash: 3VPFK6gLwfxFEpNttkWEf3m1YT41dWndbXKd8pAmCWq5
- hash: CJ1MRyrkt2nr2juPUjjQfNa8imBkhKY4gYnnp1CHnXWn
- hash: J4kcebPagnrMjsY9sBndceQwWPmKhTW6VhzoSo96FHuo
This investigation is cryptographically anchored to the Solana blockchain (3 events). 16 of 21 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/21/2026, 11:13:09 PM
last updated: 9/14/2026, 5:47:37 AM
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