FTC Agrees for $38.6M of Compenation from Bitcoin Mining Company Butterfly Labs
FTC closed Butterfly Labs in September 2014 for public misrepresentation and fraud.
Butterfly Labs was shut down by The US Federal Trade Commission that filed a suit, alleging the company did not fullfill customer orders that had been paid upfront.
FTC closed Butterfly Labs in September 2014 for public misrepresentation and fraud.
Butterfly Labs has proceeded its business operations and has updated website following their encounter with the FTC.
Butterfly Labs was shut down by The US Federal Trade Commission that filed a suit, alleging the company did not fullfill customer orders that had been paid upfront.