Butterfly Labs Urges Court to Dismiss FTC’s ‘Self-Serving’ Fraud Charges
Embattled mining hardware company Butterfly Labs has filed a court motion to dismiss a Federal Trade Commission complaint.
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 has reopened for business, processing delayed shipments and refunds for select customers.
The US Federal Trade Commission says it has reached a settlement with bitcoin mining firm Butterfly Labs after it sued the company in 2014.
Embattled bitcoin mining hardware company Butterfly Labs is back in business, following a federal court ruling on Friday.
The FTC has secured court authority to begin converting Butterfly Labs’ bitcoin holdings into cash reserves.