Bitcoin Forum

Economy => Economics => Topic started by: srgkrgkj on September 23, 2014, 07:10:13 PM



Title: Butterfly Labs shut down by the US government.
Post by: srgkrgkj on September 23, 2014, 07:10:13 PM
The Bitcoin mining industry has flourished with the price rise seen in cryptocurrencies particularly Bitcoin. Butterfly labs has been a long running and very established company that had been running a business selling a huge variety of Bitcoin mining hardware with a price range of $150 to $30k and over. However recent events have suggested that Butterfly labs has been a fraudulent company ripping off thousands of customers of over $30 million.

source : http://www.coinfinance.com/news/bitterfly-labs-shut-down-by-the-us-government


Title: Re: Butterfly Labs shut down by the US government.
Post by: OrientA on September 24, 2014, 09:13:38 AM
It should be shut down earlier. This applies to other companies.


Title: Re: Butterfly Labs shut down by the US government.
Post by: asdlolciterquit on September 25, 2014, 03:22:37 PM
The Bitcoin mining industry has flourished with the price rise seen in cryptocurrencies particularly Bitcoin. Butterfly labs has been a long running and very established company that had been running a business selling a huge variety of Bitcoin mining hardware with a price range of $150 to $30k and over. However recent events have suggested that Butterfly labs has been a fraudulent company ripping off thousands of customers of over $30 million.

source : http://www.coinfinance.com/news/bitterfly-labs-shut-down-by-the-us-government

$30 million! scam, scam everywhere! :(


Title: Re: Butterfly Labs shut down by the US government.
Post by: redHeadBlunder on September 26, 2014, 03:44:24 AM
The Bitcoin mining industry has flourished with the price rise seen in cryptocurrencies particularly Bitcoin. Butterfly labs has been a long running and very established company that had been running a business selling a huge variety of Bitcoin mining hardware with a price range of $150 to $30k and over. However recent events have suggested that Butterfly labs has been a fraudulent company ripping off thousands of customers of over $30 million.

source : http://www.coinfinance.com/news/bitterfly-labs-shut-down-by-the-us-government
I read one article that mentioned BFL's response that said something along the lines that BFL has shipped $30 million in miners and has processed refunds amounting to $15+ million. I would say that there is a serious problem with any company that is refunding 50%+ of what they are actually selling


Title: Re: Butterfly Labs shut down by the US government.
Post by: polynesia on September 26, 2014, 03:26:57 PM
Isn't this the Company that bought out the site which had negative reviews written about it?