Defendants Will Be Prohibited from Misleading Consumers, Taking Up-Front Payments for Bitcoin Machines
Washington DC–(ENEWSPF)–February 18, 2016. Butterfly Labs and two of its operators have agreed to settle Federal Trade Commission charges that they deceived thousands of consumers about the availability, profitability, and newness of machines designed to mine the virtual currency known as Bitcoin, and that they unfairly kept consumers’ up-front payments despite failing to deliver the machines as promised.
Under the terms of…
