Butterfly Labs

Butterfly Labs

Research Tracks Bitcoin Mining from Hobby to Big Business

Joon Ian WongMar 5, 2015

New research from New York University uncovers how mining has changed from a solo activity to an industry dominated by powerful groups of miners.

Butterfly Labs

Butterfly Labs Resumes Shipping, Sets Timetable for Refunds

Nermin HajdarbegovicJan 8, 2015

Butterfly Labs has reopened for business, processing delayed shipments and refunds for select customers.

Butterfly Labs

FTC Settles Charges Against Bitcoin Mining Firm Butterfly Labs

Stan HigginsFeb 18, 2016

The US Federal Trade Commission says it has reached a settlement with bitcoin mining firm Butterfly Labs after it sued the company in 2014.

Butterfly Labs

Court Strikes Down FTC Request for More Butterfly Labs Oversight

Nermin HajdarbegovicDec 15, 2014

Embattled bitcoin mining hardware company Butterfly Labs is back in business, following a federal court ruling on Friday.

Law

FTC Granted Approval to Sell Off Butterfly Labs’ Bitcoins

Pete RizzoNov 4, 2014

The FTC has secured court authority to begin converting Butterfly Labs’ bitcoin holdings into cash reserves.

Butterfly Labs

Law

Butterfly Labs Urges Court to Dismiss FTC’s ‘Self-Serving’ Fraud Charges

Nermin Hajdarbegovic

Embattled mining hardware company Butterfly Labs has filed a court motion to dismiss a Federal Trade Commission complaint.

Butterfly Labs

Mining Roundup: Pen-and-Paper Mining, ROI Uncertainty and the Latest on Butterfly Labs

Stan Higgins

This week's roundup includes an interview with the FTC and a look inside pen-and-paper bitcoin mining.

Butterfly Labs

Butterfly Labs to Resume Limited Business Operations

Pete Rizzo

Butterfly Labs has announced that it will resume limited business operations following discussions with the FTC.

Butterfly Labs

Butterfly Labs Seeks Government Approval to Reopen Business

Stan Higgins

The FTC is allegedly evaluating a plan that could help put Butterfly Labs back in business.

Law

FTC: Butterfly Labs Held Back Shipments for Illicit Mining

Pete Rizzo

The FTC has filed new documents in its case against Butterfly Labs, accusing it of mining using customer-purchased rigs.

Crime

FTC: Butterfly Labs Case Not Part of ‘War on Bitcoin’

Stan Higgins

FTC attorney Leah Frazier told CoinDesk that Butterfly Labs misrepresented itself when selling mining products.

Crime

US Government Shuts Down Embattled Mining Firm Butterfly Labs

Stan Higgins

The Federal Trade Commission has shut down Butterfly Labs after a lengthy investigation into claims of fraud.