Tag: Sonny Vleisides

FTC Settles Charges Against Bitcoin Mining Hardware Manufacturer Buttlefly Labs

Bitcoin mining hardware manufacturer Butterfly Labs, has agreed to settle a dispute with the FTC, which accused the company of deceiving customers. According to the FTC’s complaint – which was filed on the 18th of September in 2014 – Butterfly Labs misrepresented the profitability of their mining machines, and also kept customer’s pre-payments without delivering the mining hardware for an extend period of time. According to an official press release …
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