SEC Orders Salt Lending to Refund Investors in Its $47M ICO

SALT is one of the first crypto lending platforms to offer dollar-denominated loans collateralized by Bitcoin and Ether. Crypto lending platform SALT has received a buyout offer from a prominent online investment platform — a move the company said could potentially enhance its product offerings and advance its mission of making digital assets more accessible to mainstream audiences. Bnk To The Future, or BF, has submitted a letter of intent to acquire SALT for an undisclosed amount, the companies disclosed Friday. The acquisition is contingent on both parties signing definitive agreements....

Terrahash, one of several ASIC mining rig builders, has changed its refund policy. The company's FAQ has recently been updated to say that all orders are final. It does, however, say that customers can request a refund prior to shipping, and such requests will be considered on a case-by-case basis. Terrahash is selling mining rigs based on Avalon ASICs, which puts it at the mercy of the Avalon supply chain. Unfortunately, claims were made against Avalon that it was mining with customer ASICs. Terrahash has already changed its shipping policy. The company originally announced its DX Large....

SALT has announced the waitlist for the SALT Card, its new credit card product, is now open. Better yet, as the company is actively designing the card, it’s allowing potential customers to share their thoughts and input on everything from material to style. If you want to weigh in and share your ideas with SALT’s […]

Customers of Bitmine AG have been requesting a considerable number of refunds from them, and claim that it's taking too long to receive their money back. How long is too long to wait for a refund when a company is overloaded with requests? Third-party websites like BitmineRefund.com claim to list late customer refund requests, but looks may be deceiving! Not all customers who receive their refund are jumping to let the site know that they have received it. Bitmine AG Exclusive Interview. I conducted an interview with Kerim Chikhi, who is a representative of Bitmine AG. What are the delays....

A new report reveals that ButterflyLabs customers have submitted 283 complaints against the company - worth more than $1m in combined refunds and late orders - to the US Federal Trade Commission (FTC) since 2012. According to documents revealed by Ars Technica, the complaints against the Kansas-based ASIC miner manufacturer are for orders totalling $1,016,243 across a period of about 17 months (see the report data here). The first complaint was filed in September 2012, with the most recent complaint having been submitted on 15th April of this year. Notably, one entry made a claim for $30m....