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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Formerly all the rage amongst everyone from anarcho-technologists to billionaire investors, Bitcoin is back in the news today as a company called Butterfly Labs settles a $38.6 million lawsuit with ...