FTC: Butterfly Labs Held Back Shipments for Illicit Mining

By September 29, 2014Bitcoin Business

FTC Butterfly Labs New court documents filed by the US Federal Trade Commission (FTC) against Butterfly Labs allege that the manufacturer mined bitcoins using customer-purchased equipment prior to shipment.

The documents , filed on 27th September, further allege that Butterfly Labs employees mined bitcoin for personal gain using machines purchased and later returned to the company. The agency says this assertion is supported by the testimony of several former employees.

As a result of the findings, the FTC […]

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