Wednesday, September 24, 2014

Court Order Shuts Down Buttefly Labs Bitcoin Miner Company

A Kansas company that offered bitcoin-generating computers is being sued by the Federal Trade Commission, which said it bilked more than 20,000 consumers out of as much as $50 million.

The Leawood-based company, Butterfly Labs, failed to deliver the machines or sent worthless equipment, according to the FTC's complaint filed in U.S. District Court in Kansas City.

The court had issued a temporary restraining order that shut down the business, according to an FTC statement Tuesday, The Kansas City Star reported.


The music seems appropriate...

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