Donald Basile
Summary
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
1 entities- + 5 more
Timeline(15 events)
2006-08-01
Donald Basile becomes Chairman of Fusion-io, a flash-storage startup.
Don Basile — Wikipedia2008-02-01
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 Register2009-03-01
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 Register2009-09-15
Basile joins Violin Memory as CEO.
Violin Memory grabs Fusion-io's former chief — The Register2013-09-01
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 — Fortune2013-12-16
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 Register2014-04-11
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 Contracts2020-01-01
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 Briefing2020-11-01
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 — Nasdaq2021-03-01
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. 265302021-09-29
Bitcoin Latinum announces its first public exchange listing on DigiFinex.
Bitcoin Latinum (LTNM) Announces Upcoming Public Listing on DigiFinex Exchange — GlobeNewswire2021-12-01
SAFT offering for Bitcoin Latinum concludes, having allegedly raised approximately $16 million.
SEC Litigation Release No. 265302022-02-01
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 Dockets2022-11-30
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 — Forbes2026-04-17
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
- #1publish⛓ pending8/21/2026, 11:13:19 PMhash: J4kcebPagnrMjsY9sBndceQwWPmKhTW6VhzoSo96FHuo
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: 8/22/2026, 6:49:24 AM
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