Butterfly Labs

FTC Settles Charges Against Bitcoin Mining Firm Butterfly Labs

The US Federal Trade Commission says it has reached a settlement with bitcoin mining firm Butterfly Labs after it sued the company in 2014.

Tech  ·  18 February 2016

Research Tracks Bitcoin Mining from Hobby to Big Business

New research from New York University uncovers how mining has changed from a solo activity to an industry dominated by powerful groups of miners.

Tech  ·  5 March 2015
Bitcoin

Butterfly Labs Resumes Shipping, Sets Timetable for Refunds

Butterfly Labs has reopened for business, processing delayed shipments and refunds for select customers.

Tech  ·  8 January 2015
Bitcoin

Court Strikes Down FTC Request for More Butterfly Labs Oversight

Embattled bitcoin mining hardware company Butterfly Labs is back in business, following a federal court ruling on Friday.

Business  ·  15 December 2014
Bitcoin

Crypto 2.0 Roundup: Ethereum’s ÐΞVCON, Vizor’s Virtual Reality and a Blockchain University

In this week's Crypto 2.0 roundup, we profile events from Ethereum and Koinify and take a look at how crypto could impact virtual reality.

Tech  ·  15 December 2014
Bitcoin

FTC Granted Approval to Sell Off Butterfly Labs’ Bitcoins

The FTC has secured court authority to begin converting Butterfly Labs’ bitcoin holdings into cash reserves.

Tech  ·  4 November 2014
Bitcoin

Butterfly Labs Urges Court to Dismiss FTC’s ‘Self-Serving’ Fraud Charges

Embattled mining hardware company Butterfly Labs has filed a court motion to dismiss a Federal Trade Commission complaint.

Business  ·  24 October 2014
Bitcoin

Mining Roundup: Pen-and-Paper Mining, ROI Uncertainty and the Latest on Butterfly Labs

This week's roundup includes an interview with the FTC and a look inside pen-and-paper bitcoin mining.

Tech  ·  7 October 2014
Bitcoin

Butterfly Labs to Resume Limited Business Operations

Butterfly Labs has announced that it will resume limited business operations following discussions with the FTC.

Tech  ·  3 October 2014
Bitcoin

Butterfly Labs Seeks Government Approval to Reopen Business

The FTC is allegedly evaluating a plan that could help put Butterfly Labs back in business.

Tech  ·  1 October 2014
Bitcoin

FTC: Butterfly Labs Held Back Shipments for Illicit Mining

The FTC has filed new documents in its case against Butterfly Labs, accusing it of mining using customer-purchased rigs.

Tech  ·  29 September 2014
Bitcoin

FTC: Butterfly Labs Case Not Part of ‘War on Bitcoin’

FTC attorney Leah Frazier told CoinDesk that Butterfly Labs misrepresented itself when selling mining products.

Policy & regulation  ·  24 September 2014
Bitcoin

US Government Shuts Down Embattled Mining Firm Butterfly Labs

The Federal Trade Commission has shut down Butterfly Labs after a lengthy investigation into claims of fraud.

Policy & regulation  ·  23 September 2014
Bitcoin

Butterfly Labs Accused of Buying Blog to Hide Negative Search Results

Mining hardware manufacturer Butterfly Labs is accused of buying satirical blog Buttcoins.org to manage its online reputation.

Business  ·  14 July 2014
Bitcoin

Breaking Down the Butterfly Labs FTC Complaints Data

We dig into the data released along with 283 complaints to the FTC by Butterfly Labs customers worldwide.

Tech  ·  17 May 2014