Bitcoin-mining company Butterfly Labs shut down by FTC

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A bitcoin-related company that allegedly engaged in deceptive marketing of specialized computers designed to produce the cryptocurrency has been shut down at the request of the US Federal Trade Commission.

In a complaint filed earlier this month against Butterfly Labs, the FTC alleged that the Missouri-based company charged consumers thousands of dollars for computers that mine Bitcoins but then failed to deliver the machines “until they were practically useless, or in many cases, did not provide the computers at all,” the agency said in a statement Tuesday.

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Story added 24. September 2014, content source with full text you can find at link above.