Algorithm, price, market cap, volume, supply, consensus method, links and more. Later that same day, November 29, Bitcoin Latinum filed its motion to dismiss the complaint. Compare the two cryptocurrencies CompuCoin (CPN) and Gold Pressed Latinum (GPL). In an undated statement on its website that appears to have been written in early 2022, Bitcoin Latinum called these lawsuits “frivolous.” In new court papers submitted Tuesday, Bitcoin Latinum’s attorneys indicated that they would file a motion to dismiss the case brought by Assofi. ![]() Attorneys for Bitcoin Latinum wrote in a court filing last month in the Michigan case that the company did not violate any securities law and “denied that the Plaintiffs have been damaged by any conduct of the Defendant.” While the northern California lawsuit has since been withdrawn, the Michigan case remains ongoing. ![]() More recently, Basile founded Roman DBDR, a SPAC based in Las Vegas, among other ventures.īitcoin Latinum and Basile were previously sued twice earlier this year by two groups of other separate aggrieved investors who also claimed similar securities fraud in cases filed in federal courts in Michigan and northern California. Consequently, the cryptocurrency has garnered some attention in the professional poker community.īasile previously served as CEO for two tech startups - Violin Memory and Fusion-IO - over a decade ago. He has been photographed numerous times at poker tables wearing Bitcoin Latinum-emblazoned baseball caps. In 2021, Gary Gensler, the head of the Securities and Exchange Commission, said that the crypto world is “rife with fraud, scams, and abuse.”īitcoin Latinum has been endorsed by Phil Hellmuth, a well-known professional poker player. The world of cryptocurrency is awash with scammers and companies that don’t have actual products. “As far as I know, bought coins and the coins lost value,” he said.Įugene Rome, Assofi’s attorney, declined Forbes’ request for comment. ![]() Nevarez added that Assofi’s allegations of fraud are “completely false.” Meanwhile, Carlos Nevarez, the director of marketing for Bitcoin Latinum, told Forbes by phone that Basile never asserted an investment from Star Trek producers.
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