Audit log

Every state-changing event for Donald Basile / Bitcoin Latinum (LTNM) / Monsoon Blockchain Corporation: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-06-02 20:26:14Z
   Score: ? → ? (no score change)
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   V9FC1viuwAJR…eomYP81qcopyexplorer ↗

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   BoV9ixT73A7P…bheFSS2ncopysha256 → base58

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   {"actor":"system:backfill","investigation_id":"c65a2c9b-9cdf-4c29-af19-336a0bd6cb06","kind":"publish","page_slug":"donald-basile-bitcoin-latinum-ltnm-monsoon-blockchain-corporation","published_at":"2026-06-02T20:26:14.364Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Donald Basile / Bitcoin Latinum (LTNM) / Monsoon Blockchain Corporation","sections":[{"content":"On April 17, 2026, the U.S. Securities and Exchange Commission filed a civil complaint against Donald G. Basile, GIBF GP, Inc., and Monsoon Blockchain Corporation in the U.S. District Court for the Eastern District of New York (case no. 1:26-cv-02293). The SEC's litigation release is designated LR-26530. The complaint alleges violations of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. The SEC seeks permanent injunctions, disgorgement with prejudgment interest, civil monetary penalties, a conduct-based injunction barring Basile from participating in future securities offerings, and a permanent officer-and-director bar. As of the complaint filing date, this is a civil enforcement action; no criminal charges or indictment by the Department of Justice have been publicly reported.","heading":"SEC Enforcement Action (April 2026)","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"},{"credibility":2,"name":"InvestmentNews — SEC sues crypto founder alleging $16M token fraud built on phantom insurance","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":"The SEC alleges that between March and December 2021, Basile raised approximately $16 million from hundreds of U.S. investors through the sale of Simple Agreements for Future Tokens (SAFTs) tied to a cryptocurrency he branded as Bitcoin Latinum (LTNM). The offering rested on three claims the SEC contends were entirely false. First, Basile repeatedly described LTNM as 'the world's first insured digital asset' with 'up to $1 billion coverage' arranged by an international insurance broker. According to the SEC, no insurance company ever issued a policy or insured LTNM or any related assets. Press releases from approximately November 2020 had cited Marsh McLennan as the arranger of a proposed insurance program; however, the SEC's complaint characterizes any resulting coverage as nonexistent. Second, Basile claimed LTNM was asset-backed by an existing trust holding Bitcoin and Ethereum, and that at least 80% of SAFT proceeds would go into an 'underlying fund' to support token value. The SEC alleges no such trust or fund was ever created. Third, investor Arshad Assofi alleged in a separate 2022 civil lawsuit that Basile claimed at a June 2021 fundraising meeting that the project had received $20 million from the producers of Star Trek; Paramount later reportedly responded in writing that it had no involvement. These allegations were separate from the SEC's complaint but corroborate a pattern of alleged misrepresentation.","heading":"Alleged Fraud Scheme: Fabricated Insurance and Phantom Trust","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":"InvestmentNews — SEC sues crypto founder alleging $16M token fraud built on phantom insurance","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":3,"name":"Newly Launched Bitcoin Latinum Set To Become World's Largest Insured Digital Asset — E-Crypto News (archived Marsh McLennan press release)","type":"other","url":"https://e-cryptonews.com/newly-launched-bitcoin-latinum-set-to-become-worlds-largest-insured-digital-asset/"},{"credibility":2,"name":"Poker.org — Hellmuth-promoted cryptocurrency Bitcoin Latinum and founder sued in California","type":"news_article","url":"https://www.poker.org/latest-news/hellmuth-promoted-cryptocurrency-bitcoin-latinum-and-founder-sued-in-california-as4ui0j6IbXF/"}]},{"content":"The SEC alleges that rather than directing investor proceeds into the promised underlying fund, Basile diverted millions for personal benefit. According to the InvestmentNews report citing the SEC complaint, specific expenditures include: approximately $4.1 million for a Miami condominium; approximately $2.8 million for a Park City, Utah home; approximately $1.4 million in payments on a personal American Express credit card; approximately $1 million in transfers to personal or family accounts; and a $160,000 horse reportedly purchased for his daughter. These figures total in excess of $9.3 million of the approximately $16 million raised. The SEC complaint was filed in the Eastern District of New York with case number 1:26-cv-02293.","heading":"Alleged Misappropriation of Investor Funds","severity":"critical","sources":[{"credibility":2,"name":"InvestmentNews — SEC sues crypto founder alleging $16M token fraud built on phantom insurance","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":1,"name":"SEC Complaint comp26530.pdf","type":"court_filing","url":"https://www.sec.gov/files/litigation/complaints/2026/comp26530.pdf"},{"credibility":2,"name":"Crypto Times — SEC Charges Donald Basile in $16M Bitcoin Latinum Crypto Fraud Case","type":"news_article","url":"https://www.cryptotimes.io/2026/04/18/sec-charges-donald-basile-in-16m-bitcoin-latinum-crypto-fraud-case/"}]},{"content":"Bitcoin Latinum (LTNM) was presented to investors as a Bitcoin hard fork. The SAFT offering ran from approximately March through December 2021. LTNM was listed on overseas cryptocurrency exchanges in October 2021, with reported prices reaching a peak somewhere between approximately $200 and $236 (sources vary; an outlier figure of $9,335 appears on some aggregators and may reflect data inconsistencies or thin liquidity on specific platforms). By late January 2022, the token had fallen below $16, a decline of more than 90% from its peak. Multiple investor lawsuits described the token as effectively worthless. The main 'Latinum' coin that Basile had promoted as distinct from the LTNM pre-sale coin was reportedly never minted, preventing early investors from converting their positions. As of early June 2026, LTNM continues to show minimal or negligible trading volume across a small number of exchanges; CoinMarketCap and CoinGecko show very low or zero liquidity.","heading":"Token History: Launch, Price Collapse, and Current Status","severity":"high","sources":[{"credibility":2,"name":"InvestmentNews — SEC sues crypto founder alleging $16M token fraud built on phantom insurance","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":"Crypto Briefing — SEC charges Bitcoin Latinum founder over alleged $16M investor fraud","type":"news_article","url":"https://cryptobriefing.com/sec-charges-fraud-bitcoin-latinum/"},{"credibility":2,"name":"CoinMarketCap — Bitcoin Latinum (LTNM)","type":"other","url":"https://coinmarketcap.com/currencies/bitcoin-latinum/"}]},{"content":"Bitcoin Latinum and its associated entities faced multiple civil lawsuits before the SEC action. In February 2022, a lawsuit was filed in the U.S. District Court for the Eastern District of Michigan (case no. 22-10208) by investors Raymond Jonna, Simon Jonna, and Farid Jamardov, alleging securities fraud, wire fraud, and fraudulent conversion in connection with approximately $500,000 in investments made between September and December 2021. The defendants included Bitcoin Latinum, Kevin Jonna (a relative of two plaintiffs), and GIBF GP, Inc. In November 2022, California-based investor Arshad Assofi filed a separate civil action alleging that Basile and GIBF GP defrauded him of over $15.5 million. The Assofi case was later dismissed without prejudice pursuant to a stipulation for arbitration. The Michigan case progressed through the courts: GIBF GP sought to compel arbitration, which was denied by U.S. District Judge Laurie J. Michelson, and the Sixth Circuit Court of Appeals affirmed that denial on May 14, 2025, finding that the plaintiffs had not consented to the arbitration clause and that Bitcoin Latinum had waived its arbitration right through prolonged litigation participation.","heading":"Prior Civil Litigation (2022)","severity":"high","sources":[{"credibility":2,"name":"CryptoCurrencyWire — Bitcoin Latinum Named in Civil Lawsuit Alleging Securities Fraud","type":"news_article","url":"https://www.cryptocurrencywire.com/bitcoin-latinum-named-in-civil-lawsuit-alleging-securities-fraud-wire-fraud-and-fraudulent-conversion-of-investment-funds/"},{"credibility":2,"name":"BlockTribune — Sixth Circuit Rejects Bitcoin Latinum's Arbitration Bid in Fraud Case","type":"news_article","url":"https://blocktribune.com/sixth-circuit-rejects-bitcoin-latinums-arbitration-bid-in-fraud-case/"},{"credibility":2,"name":"Poker.org — Hellmuth-promoted cryptocurrency Bitcoin Latinum and founder sued in California","type":"news_article","url":"https://www.poker.org/latest-news/hellmuth-promoted-cryptocurrency-bitcoin-latinum-and-founder-sued-in-california-as4ui0j6IbXF/"},{"credibility":2,"name":"OffshoreAlert — Arshad Assofi v. Donald Basile: Complaint","type":"court_filing","url":"https://www.offshorealert.com/arshad-assofi-v-donald-basile-complaint-15m-bitcoin-latinum-crypto-fraud/"}]},{"content":"In February 2024, GIBF GP, Inc. filed defamation suits against two journalists who had reported on Bitcoin Latinum's legal troubles: Cyrus Farivar of Forbes, whose November 2022 article was titled 'A Cryptocurrency Named After The Fictional Money In Star Trek Is Worthless,' and Haley Hintze of Poker.org, who had covered a separate fraud lawsuit against Bitcoin Latinum. Both suits were filed in the Delaware Court of Chancery. Legal analysts and Techdirt characterized the actions as Strategic Lawsuits Against Public Participation (SLAPPs), noting procedural defects including: the Hintze suit targeted an article from February 2022, which was already beyond Delaware's two-year defamation statute of limitations; the filings contained factual errors including citation of the wrong articles as evidence; and both journalists were sued individually rather than alongside their publishers. The filing attorney's listed specialty was estate planning, not defamation law, and the Delaware Court of Chancery typically lacks jurisdiction over common law defamation claims.","heading":"SLAPP Lawsuits Against Journalists (2024)","severity":"medium","sources":[{"credibility":2,"name":"Techdirt — Would You Trust A Cryptocurrency Whose Operator Sues Journalists For Reporting On Lawsuits Calling You A Scam?","type":"news_article","url":"https://www.techdirt.com/2024/02/12/would-you-trust-a-cryptocurrency-whose-operator-sues-journalists-for-reporting-on-lawsuits-calling-you-a-scam/"}]},{"content":"Donald G. Basile holds an MS and PhD in Electrical Engineering from Stanford University and graduated first in his class from Rensselaer Polytechnic Institute. He spent time at AT&T Bell Labs and IBM early in his career before entering venture capital and executive roles in Silicon Valley. He served as CEO of Fusion-io, a flash storage company he helped take public, and later as CEO of Violin Memory (NYSE: VMEM), which went public on September 27, 2013 at $9 per share. The Violin Memory IPO was troubled: shares fell nearly 70% shortly after listing, the company missed earnings estimates significantly, and Basile was terminated by the board in December 2013. Subsequent securities class-action lawsuits were filed against Violin Memory and its underwriters alleging violations of securities law in connection with the IPO, though these actions targeted the company rather than Basile individually. Basile later founded Monsoon Blockchain Corporation and GIBF GP, Inc. as the corporate vehicles for the Bitcoin Latinum project.","heading":"Founder Background and Prior Business History","severity":"medium","sources":[{"credibility":3,"name":"CoinCodex — Interview with Dr. Donald Basile, The Founder of Bitcoin Latinum","type":"other","url":"https://coincodex.com/article/12761/coincodex-interview-with-dr-donald-basile-the-founder-of-bitcoin-latinum/"},{"credibility":2,"name":"AllThingsD — Violin Memory Fires CEO Basile As IPO and Quarterly Results Disappoint","type":"news_article","url":"https://allthingsd.com/20131216/violin-memory-fires-ceo-basile-as-ipo-and-quarterly-results-disappoint/"},{"credibility":3,"name":"Don Basile — Wikipedia","type":"other","url":"https://en.wikipedia.org/wiki/Don_Basile"}]},{"content":"Bitcoin Latinum used celebrity endorsements as part of its marketing strategy. Professional poker player Phil Hellmuth, a 16-time World Series of Poker bracelet winner, served as a paid endorser of the project and was reported to have appeared at a Bitcoin Latinum-sponsored event called GENESIS in Miami. Hellmuth publicly stated that his involvement was as a paid endorser and not as a provider of investment advice. Hellmuth was not named as a defendant in any of the fraud lawsuits or the SEC enforcement action.","heading":"Celebrity Endorsements","severity":"low","sources":[{"credibility":2,"name":"Poker.org — Phil Hellmuth-endorsed altcoin Bitcoin Latinum accused of securities fraud","type":"news_article","url":"https://www.poker.org/latest-news/phil-hellmuth-endorsed-altcoin-bitcoin-latinum-accused-of-securities-fraud-axpR55C0TMO4/"},{"credibility":2,"name":"PokerNews — Phil Hellmuth, Doug Polk Spar Over Cryptocurrency Affiliations","type":"news_article","url":"https://www.pokernews.com/news/2022/07/phil-hellmuth-doug-polk-crypto-41624.htm"}]},{"content":"The Bitcoin Latinum project operated through two primary entities controlled by Basile. GIBF GP, Inc. is a Delaware corporation that served as the issuer of the SAFTs; it also had a wholly owned subsidiary, GIBF GP (Cayman), Ltd. Monsoon Blockchain Corporation is a Delaware corporation that marketed the SAFT offering and was nominally the 'developer' of LTNM. According to a January 9, 2025 Delaware Court of Chancery default judgment cited in SEC litigation documents, Basile became GIBF's 'sole director, Chief Executive Officer, President, Secretary, and Treasurer,' consolidating complete corporate control. Basile was CEO and sole director of Monsoon throughout the relevant period. This concentration of control in a single individual with no disclosed independent oversight is a structural risk factor.","heading":"Corporate Structure","severity":"high","sources":[{"credibility":1,"name":"SEC Complaint comp26530.pdf","type":"court_filing","url":"https://www.sec.gov/files/litigation/complaints/2026/comp26530.pdf"},{"credibility":2,"name":"Blockonomi — SEC Charges Bitcoin Latinum Founder Donald Basile With $16 Million Investor Fraud","type":"news_article","url":"https://blockonomi.com/sec-charges-bitcoin-latinum-founder-donald-basile-with-16-million-investor-fraud/"}]}],"sources_used":[{"credibility":1,"name":"SEC Litigation Release LR-26530","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":"InvestmentNews — SEC sues crypto founder alleging $16M token fraud built on phantom insurance","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":"Crypto Briefing — SEC charges Bitcoin Latinum founder over alleged $16M investor fraud","type":"news_article","url":"https://cryptobriefing.com/sec-charges-fraud-bitcoin-latinum/"},{"credibility":2,"name":"Blockonomi — SEC Charges Bitcoin Latinum Founder Donald Basile With $16 Million Investor Fraud","type":"news_article","url":"https://blockonomi.com/sec-charges-bitcoin-latinum-founder-donald-basile-with-16-million-investor-fraud/"},{"credibility":2,"name":"Crypto Times — SEC Charges Donald Basile in $16M Bitcoin Latinum Crypto Fraud Case","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":"Techdirt — Would You Trust A Cryptocurrency Whose Operator Sues Journalists For Reporting On Lawsuits Calling You A Scam?","type":"news_article","url":"https://www.techdirt.com/2024/02/12/would-you-trust-a-cryptocurrency-whose-operator-sues-journalists-for-reporting-on-lawsuits-calling-you-a-scam/"},{"credibility":2,"name":"CryptoCurrencyWire — Bitcoin Latinum Named in Civil Lawsuit Alleging Securities Fraud","type":"news_article","url":"https://www.cryptocurrencywire.com/bitcoin-latinum-named-in-civil-lawsuit-alleging-securities-fraud-wire-fraud-and-fraudulent-conversion-of-investment-funds/"},{"credibility":2,"name":"Poker.org — Hellmuth-promoted cryptocurrency Bitcoin Latinum and founder sued in California","type":"news_article","url":"https://www.poker.org/latest-news/hellmuth-promoted-cryptocurrency-bitcoin-latinum-and-founder-sued-in-california-as4ui0j6IbXF/"},{"credibility":2,"name":"BlockTribune — Sixth Circuit Rejects Bitcoin Latinum's Arbitration Bid in Fraud Case","type":"news_article","url":"https://blocktribune.com/sixth-circuit-rejects-bitcoin-latinums-arbitration-bid-in-fraud-case/"},{"credibility":2,"name":"OffshoreAlert — Arshad Assofi v. Donald Basile Complaint","type":"court_filing","url":"https://www.offshorealert.com/arshad-assofi-v-donald-basile-complaint-15m-bitcoin-latinum-crypto-fraud/"},{"credibility":2,"name":"AllThingsD — Violin Memory Fires CEO Basile As IPO and Quarterly Results Disappoint","type":"news_article","url":"https://allthingsd.com/20131216/violin-memory-fires-ceo-basile-as-ipo-and-quarterly-results-disappoint/"},{"credibility":3,"name":"CoinCodex — Interview with Dr. Donald Basile, The Founder of Bitcoin Latinum","type":"other","url":"https://coincodex.com/article/12761/coincodex-interview-with-dr-donald-basile-the-founder-of-bitcoin-latinum/"},{"credibility":2,"name":"Poker.org — Phil Hellmuth-endorsed altcoin Bitcoin Latinum accused of securities fraud","type":"news_article","url":"https://www.poker.org/latest-news/phil-hellmuth-endorsed-altcoin-bitcoin-latinum-accused-of-securities-fraud-axpR55C0TMO4/"},{"credibility":2,"name":"CoinMarketCap — Bitcoin Latinum (LTNM)","type":"other","url":"https://coinmarketcap.com/currencies/bitcoin-latinum/"},{"credibility":2,"name":"Lowenstein Sandler — Crypto Brief April 23 2026","type":"other","url":"https://www.lowenstein.com/news-insights/newsletters/crypto-brief-april-23-2026"}],"summary":"Donald G. Basile, founder of Bitcoin Latinum (LTNM) and CEO of Monsoon Blockchain Corporation, was charged by the SEC on April 17, 2026 with defrauding hundreds of U.S. investors of approximately $16 million through a SAFT offering that relied on fabricated insurance claims, a phantom asset-backed trust, and misrepresentations about how investor funds would be used. The token launched on overseas exchanges in October 2021 and subsequently collapsed by more than 90%, and the SEC alleges Basile diverted investor proceeds to personal real estate, credit card expenses, and a $160,000 horse while no underlying fund was ever created.","timeline":[{"date":"2020-11-01","event":"Bitcoin Latinum announced as newly launched project. Press releases cited Marsh McLennan as arranger of proposed insurance program for LTNM, describing the token as set to become 'the world's largest insured digital asset.'","source":"E-Crypto News / GlobeNewswire","source_url":"https://e-cryptonews.com/newly-launched-bitcoin-latinum-set-to-become-worlds-largest-insured-digital-asset/"},{"date":"2021-03-01","event":"SAFT offering commences. Basile, through GIBF GP, Inc. and Monsoon Blockchain Corporation, begins selling Simple Agreements for Future Tokens to U.S. investors, according to the SEC complaint.","source":"SEC Complaint comp26530.pdf","source_url":"https://www.sec.gov/files/litigation/complaints/2026/comp26530.pdf"},{"date":"2021-06-01","event":"At a fundraising meeting, Basile allegedly told investor Arshad Assofi that Bitcoin Latinum had received $20 million from the producers of Star Trek, that a Dubai investor would contribute $100 million, and that the token launch would occur in early-to-mid November 2021 with no lockup.","source":"Poker.org — Hellmuth-promoted cryptocurrency Bitcoin Latinum and founder sued in California","source_url":"https://www.poker.org/latest-news/hellmuth-promoted-cryptocurrency-bitcoin-latinum-and-founder-sued-in-california-as4ui0j6IbXF/"},{"date":"2021-10-01","event":"LTNM listed on overseas cryptocurrency exchanges. Token price reported at approximately $200 at launch.","source":"InvestmentNews — SEC sues crypto founder alleging $16M token fraud built on phantom insurance","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 U.S. investors over the course of the offering.","source":"SEC Complaint comp26530.pdf","source_url":"https://www.sec.gov/files/litigation/complaints/2026/comp26530.pdf"},{"date":"2022-01-01","event":"Bitcoin Latinum announces plans for 2022 exchange listings, claiming to trade on approximately ten exchanges and targeting twenty more. LTNM price has fallen below $16, a decline exceeding 90% from its October 2021 peak.","source":"InvestmentNews — SEC sues crypto founder alleging $16M token fraud built on phantom insurance","source_url":"https://www.investmentnews.com/regulation-legal-compliance/sec-sues-crypto-founder-alleging-16m-token-fraud-built-on-phantom-insurance/266228"},{"date":"2022-02-01","event":"Civil lawsuit filed in U.S. District Court, Eastern District of Michigan (case no. 22-10208) by Raymond Jonna, Simon Jonna, and Farid Jamardov against Bitcoin Latinum, Kevin Jonna, and GIBF GP, Inc., alleging securities fraud, wire fraud, and fraudulent conversion involving approximately $500,000.","source":"CryptoCurrencyWire — Bitcoin Latinum Named in Civil Lawsuit","source_url":"https://www.cryptocurrencywire.com/bitcoin-latinum-named-in-civil-lawsuit-alleging-securities-fraud-wire-fraud-and-fraudulent-conversion-of-investment-funds/"},{"date":"2022-11-01","event":"Arshad Assofi files civil lawsuit in U.S. District Court, Central District of California against GIBF GP, Inc. and Donald Basile, alleging fraud totaling more than $15.5 million. The complaint alleges Basile made false claims about Star Trek backing and a Dubai investor.","source":"Poker.org — Hellmuth-promoted cryptocurrency Bitcoin Latinum and founder sued in California","source_url":"https://www.poker.org/latest-news/hellmuth-promoted-cryptocurrency-bitcoin-latinum-and-founder-sued-in-california-as4ui0j6IbXF/"},{"date":"2022-11-01","event":"Forbes journalist Cyrus Farivar publishes article titled 'A Cryptocurrency Named After The Fictional Money In Star Trek Is Worthless,' reporting on the Assofi lawsuit.","source":"Techdirt — Would You Trust A Cryptocurrency Whose Operator Sues Journalists","source_url":"https://www.techdirt.com/2024/02/12/would-you-trust-a-cryptocurrency-whose-operator-sues-journalists-for-reporting-on-lawsuits-calling-you-a-scam/"},{"date":"2024-02-07","event":"GIBF GP, Inc. files defamation suits in Delaware Court of Chancery against Forbes journalist Cyrus Farivar and Poker.org journalist Haley Hintze over articles reporting on Bitcoin Latinum fraud lawsuits. Legal observers characterize the suits as SLAPPs with multiple procedural defects.","source":"Techdirt — Would You Trust A Cryptocurrency Whose Operator Sues Journalists","source_url":"https://www.techdirt.com/2024/02/12/would-you-trust-a-cryptocurrency-whose-operator-sues-journalists-for-reporting-on-lawsuits-calling-you-a-scam/"},{"date":"2025-05-14","event":"U.S. Court of Appeals for the Sixth Circuit affirms denial of GIBF GP's motion to compel arbitration in the Michigan investor fraud case (No. 24-1537), ruling that the plaintiffs had not consented to an arbitration clause and that Bitcoin Latinum had waived its arbitration right through prolonged litigation.","source":"BlockTribune — Sixth Circuit Rejects Bitcoin Latinum's Arbitration Bid in Fraud Case","source_url":"https://blocktribune.com/sixth-circuit-rejects-bitcoin-latinums-arbitration-bid-in-fraud-case/"},{"date":"2026-04-17","event":"SEC files civil complaint (LR-26530; case no. 1:26-cv-02293, EDNY) against Donald G. Basile, GIBF GP, Inc., and Monsoon Blockchain Corporation, alleging a $16 million SAFT fraud involving fabricated insurance coverage, a phantom asset-backed trust, and personal misappropriation of investor funds. Relief sought includes permanent injunctions, disgorgement, civil penalties, and an officer-and-director bar.","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 3edf2f4c-6e93-4a24-ab5f-e3a401790ddccopy