UPDATE: Butterfly Labs has issued an official comment, which can be found in its entirety below this article. The tale of Butterfly Labs may finally be drawing to a close. After unconfirmed weekend ...

The Federal Trade Commission (FTC) announced yesterday that it had shut down Butterfly Labs following approval by a US judge, and for many outraged customers, the closure is the end of a long period ...

The Federal Trade Commission sought the court orders as part of its lawsuit against BF Labs Inc., which does business as Butterfly Labs, and Sonny Vleisides, Darla Drake and Nasser Ghoseiri, who are ...

There have long been online complaints about Butterfly Labs, a Missouri-based maker of Bitcoin mining equipment that started operations in 2010. People complained in Bitcoin forums that the company ...

A new order issued by a federal court in Kansas City on Thursday has effectively extended a temporary restraining order set down earlier this month, leaving Bitcoin mining rig builder Butterfly Labs ...

Maker of Bitcoin mining hardware maker Butterfly Labs has been shut down by the FTC following allegations of fraud and company misrepresentation to the public. Following hundreds of complaints to the ...

This article is by Rebecca Campbell. Butterfly Labs has agreed to settle the Federal Trade Commission's charges of making misleading claims about their products to their customers. In a lawsuit that ...

In the heady days of 2013, when the world was agog over the promise of bitcoin, a few companies were racing to develop special hardware used to “mine” new value from the virtual currency. One of the ...

Recently, it became big news that the Federal government sued and temporarily shut down the notorious bitcoin mining company, Butterfly Labs, but a federal judge ruled on Thursday that the company can ...

Butterfly Labs has announced it will begin selling bulk ASIC chips for bitcoin mining starting this month. While some Bitcoiners on Butterfly Labs' forum welcomed the news, many others are expressing ...

Attorneys for Leawood-based Butterfly Labs Inc. filed a motion to dismiss a complaint by the Federal Trade Commission, because it didn't establish evidence of wrong doing. Attorneys for Leawood-based ...

Butterfly Labs Inc. and the Federal Trade Commission have reached an agreement that will keep the Bitcoin mining company open for business but subject to a receiver and other restrictions. Butterfly ...