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US SEC Targets Crypto Executive in $16M Bitcoin Latinum Case
The US Securities and Exchange Commission has filed a lawsuit against crypto executive Donald Basile, accusing him and two companies he controlled of raising about $16 million from investors through misleading claims tied to a token known as Bitcoin Latinum. In a complaint filed in the US District Court for the Eastern District of New York, the SEC alleges that Basile operated the scheme between March and December 2021 through Monsoon Blockchain Corp. and GIBF GP Inc. The offering was structured through Simple Agreements for Future Tokens (SAFTs), which promised investors future delivery of the asset. According to ... (full story)
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