0

September 24, 2014 AT 12:00 am

Bitcoin-mining company Butterfly Labs shut down by FTC

Adafruit 3116
Bitcoin-mining company Butterfly Labs shut down by FTC – CNET.

Butterfly Labs said it has shipped more than $33 million in products and granted refunds of about $17 million to customers who canceled orders.

The company said it is cooperating with a court-appointed temporary receiver and has asked for permission to present testimony during a court hearing scheduled for Sept. 29 that will “defend our business and our nascent and promising industry.”

Huh, Walmart / TigerDirect is still selling them. Sounds like they may have not been able to meet demand?

Update: Wow, this is messed up.


Check out all the Circuit Playground Episodes! Our new kid’s show and subscribe!

Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.

Join us every Wednesday night at 8pm ET for Ask an Engineer!

Learn resistor values with Mho’s Resistance or get the best electronics calculator for engineers “Circuit Playground”Adafruit’s Apps!


Maker Business — How Authority and Decision-Making Differ Across Cultures

Wearables — Skin adherence

Electronics — LED Basics!

Biohacking — Stretchable EEG Temporary Tattoos

Get the only spam-free daily newsletter about wearables, running a "maker business", electronic tips and more! Subscribe at AdafruitDaily.com !



No Comments

No comments yet.

Sorry, the comment form is closed at this time.