The Butterfly Labs saga may have been overshadowed recently by other scam accusations and dubious business practices, but its creditors are certainly no less interested in the unfolding events.
And when the company continues to paint itself as the first victim in an upcoming FTC witch hunt against Bitcoin-related businesses, its many creditors, over 300 of which have submitted filings against Butterfly Labs, may have a hard time taking their claims seriously.
So when Butterfly Labs filed a motion to dismiss the FTC’s case against them, in what they called their “campaign to destroy BF Labs Inc”, which they follow up with a footnote saying “‘campaign’ and ‘destroy’ are not overstatements”, its creditors may again find that a hard pill to swallow.
Invalid Evidence
But Butterfly Labs claims the FTC’s evidence against them is invalid.
They claim to have halted preorders as of July 17th, 2014, “rendering much of the prospective relief sought by Plaintiff [the FTC] moot”. They also make reference to a class-action lawsuit filed against Butterfly Labs earlier this year, during which they “had been cooperating…without once trying to secrete away assets.”
As a result of this and other evidence, Butterfly Labs motions the court to dismiss the case altogether, since “Plaintiff’s complaint fails to state a claim upon which relief can be granted.”
Butterfly Labs is currently permitted to resume limited operations, including the delivery of services to its current clients.
Butterfly Labs Motions Court To Dismiss FTC's Case
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