Bitcoin Latinum: SEC lawsuit (Apr 2026)
The SEC filed an action against Bitcoin Latinum on April 17, 2026, according to the agency’s own announcement.
- Date
- Agency
- SEC
- Action
- Charges
The SEC alleged that Bitcoin Latinum founder Donald Basile and two entities he controlled defrauded investors in a $16 million SAFT offering, including by falsely claiming the LTNM token was insured and asset-backed.
Charges are allegations; the company has not been found liable unless a court or agency later rules so.
Questions
What did the SEC say Bitcoin Latinum did?
The SEC alleged that Bitcoin Latinum founder Donald Basile and two entities he controlled defrauded investors in a $16 million SAFT offering, including by falsely claiming the LTNM token was insured and asset-backed.
See every action in the fintech and crypto enforcement tracker.
- Company (as named)
- GIBF GP, Inc. and Monsoon Blockchain Corporation (Bitcoin Latinum)
- Category
- Crypto
- Agency announcement
- sec.gov
- Order or complaint
- sec.gov
- Sources
Source Link SEC announcement https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26530
Source: the agency’s own press release, litigation release, order or complaint, linked on each record. Charges are allegations; a company is not liable unless a court or agency finds it so.