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Author Topic: Butterfly Labs shut down by the US government.  (Read 2918 times)
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September 23, 2014, 07:10:13 PM
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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

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September 24, 2014, 09:13:38 AM
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It should be shut down earlier. This applies to other companies.
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September 25, 2014, 03:22:37 PM
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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! Sad

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September 26, 2014, 03:44:24 AM
 #4

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
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September 26, 2014, 03:26:57 PM
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Isn't this the Company that bought out the site which had negative reviews written about it?
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