Showing posts with label US Court Closes. Show all posts
Showing posts with label US Court Closes. Show all posts

Tuesday, September 23, 2014

US Court Closes Company Purporting to Offer Bitcoin Computers: Reports





A US court has shut down the Kansas-based company Butterfly Labs after accusing it of deceiving the public by promoting computers that purportedly mined bitcoins, The Guardian reported Tuesday.
"We often see that when a new and little-understood opportunity like Bitcoin presents itself, scammers will find ways to capitalize on the public's excitement and interest," Jessica Rich, director of the US Federal Trade Commission's (FTC) Bureau of Consumer Protection, was quoted by The Guardian as saying.
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