BFL didn’t make that target, and as such, it said it donated 1,000 BTC to the Bitcoin Development Fund (BDF). However, the BDF appears to have been created in May 2013 and provides no documentation that it is, in fact, a bona fide charity or nonprofit organization. Its website lists no actual people, street addresses, or phone numbers.
In fact, it turns out that BDF was actually started by Butterfly Labs' own employees—a fact disclosed nowhere on the BDF site. When Ars reached out to the only e-mail address listed on the site, the response that came back was from Jeff Ownby, the BFL vice president.
Holy fraud, batman.
