Butterfly Labs, the embattled Bitcoin mining manufacturer, has been permitted to resume some of their operations by an FTC ruling.
Though the company will be permitted to serve their existing customers and fulfill their already-placed orders, it is still banned from serving new customers.
Butterfly Labs Responds
Butterfly Labs released a statement in response to the recent FTC ruling.
While the statement still criticizes the FTC’s “rush to judgment and labeling of [Butterfly Labs] as bogus and scammers,” they are nevertheless “pleased by the Court’s entry of a Stipulated Interim Order, which allows the company to reopen its doors for limited operations.”
They consider the ruling “a promising sign for the future of our company, our customers, and our employees. This lawsuit has severely damaged our reputation, and it is up to Butterfly Labs to attempt to repair that damage.”
Moving Forward
One could argue that Butterfly Labs already had a severely damaged reputation. Many community members who had placed orders for Butterfly Labs’ mining rigs never received them, or received them so late that it was impossible for them to realize a return on their investment.
Are Butterfly Labs scammers? Are they poor planners? Were there unforeseen technical difficulties? Regardless of the situation, it seems as though Butterfly Labs was either unwilling or unable to deliver on their promises, which brought them into the FTC’s crosshairs in the first place.
If Butterfly Labs has any hope of rebuilding their reputation, though, they’ll need to start delivering on their current customers’ orders, and fast.
Butterfly Labs Permitted To Resume Limited Operations
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