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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.


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