0

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.


Join 4,000+ makers on Adafruit’s Discord channels and be part of the community! http://adafru.it/discord

Learn “How Computers Work” with Bill Gates, Ladyada and more – From Code.org !

CircuitPython in 2018 – Python on Microcontrollers is here!

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!

Follow Adafruit on Instagram for top secret new products, behinds the scenes and more https://www.instagram.com/adafruit/


Maker Business — The Public Radio’s inventory dashboard

Wearables — Glue for the occasion

Electronics — Ew! Sticky!

Biohacking — Using Insulin Load for Better Sleep and Recovery

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.