Customers File Class-Action Lawsuit Against Butterfly Labs
Missouri-based Wood Law Firm announced today that customers from across the United States have come together and filed a class-action lawsuit in the United State District Court for the District of Kansas which challenges both the sales and advertising practices of Butterfly Labs, a bitcoin mining hardware company based in Kansas. The lawsuit seeks to recover pre-order payments made for bitcoin miners that either did not fit the description of what was originally stated or that were delivered far long after initially announced by the company. Says Wood Law Firm in their announcement: The....
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A law firm made news this week when they announced that a class-action lawsuit has been filed against Butterfly Labs which challenges both the sales and advertising practices of the Kansas-based mining hardware manufacturer. In the complaint, filed by Wood Law Firm, it is alleged that the company might have collected up to $25 million in pre-order payments, using equipment manufactured for customers to mine for themselves as part of a quality assurance testing program. The complaint also alleges that Butterfly Labs used portions of pre-order payments to make loans to shareholders, and even....
Bitcoin miner maker Butterfly Labs (BFL) is facing a class action suit, brought by customers from across the US. The class action was filed through Wood Law Firm LLC by a group of BFL customers challenging the sales and advertising practices of the Kansas-based mining outfit. Customers claim they ordered and paid BFL mining gear which they never received, or which they received long after BFL's promised shipping date. Not the first time for Butterfly Labs. Disputes are quite common in the world of mining hardware. Manufacturers are often keen to accept as many pre-orders as possible, often....
Butterfly Labs, a failed Bitcoin miner manufacturer, has been shut down by the Federal Trade Commission. According to a statement published on the regulator's website, the FTC shut down Butterfly Labs pursuant to a court order obtained from a court in the Western District of Missouri. Also read "We need to talk about Butterfly Labs". This past week, the FTC slapped Butterfly Labs, a Kansas bitcoin miner manufacturer, with a lawsuit. In the civil lawsuit, the FTC found that Butterfly Labs had contravened section 5(a) of the FTC Act by engaging in "unfair or deceptive business practices in....
Three weeks ago, the Federal Trade Commission shut down Butterfly Labs. Butterfly Labs is a company that sells Bitcoin mining hardware. It's been accused of scamming and lying to customers time and time again. Recently, the Federal Trade Commission (FTC) reported that Butterfly Labs was lying to customers in multiple ways, one being that they mined on their customers' hardware for extended periods of time before shipping it. This morning, Butterfly Labs tried to dismiss the FTC's complaint. Also read: FTC Shuts Down Butterfly Labs... Finally. The FTC claims that Butterfly Labs spent their....
A week ago, the Federal Trade Commission (FTC) shut down Butterfly Labs (BFL), one of the reasons for this being that "consumers who have purchased the machines or services cannot use them to generate Bitcoins because Defendants [Butterfly Labs] never provide them with the machines or services." The FTC released new court filings today for its Butterfly Labs case. The most recent report by the FTC against Butterfly Labs is that they mined for bitcoins on their customers' miners before shipping them (if they even shipped them at all), and didn't tell the customer: Fraud. New Evidence....