A federal judge let bitcoin hardware manufacturer Butterfly...
A federal judge let bitcoin hardware manufacturer Butterfly Labs resume limited operations Thursday after a temporary shutdown following an FTC lawsuit against the company (case No. 4:14-cv-00815). The FTC is going after the company for delaying or failing to deliver…
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bitcoin mining computers, rendering them useless (WID Sept 24 p1). Days later, the FTC also alleged the company had also used bitcoin mining equipment for its own profit before shipping and sought a more-permanent suspension of Butterfly’s business (WID Sept 30 p1). Thursday’s order in the U.S. District Court in Kansas City, Missouri, lets Butterfly Labs fulfill some outstanding orders. In a statement, Butterfly Labs called the decision “a step in the right direction.” The FTC’s “rush to judgment” has “severely damaged our reputation,” the company said. The company also repeated that the FTC’s allegations were “unsubstantiated.” The commission did not comment.