Butterfly Labs Statement on the Federal Trade Commission Hearing in U.S. District Court

LEAWOOD, Kan.--()--The following statement from Butterfly Labs is in response to the Stipulated Interim Order entered by the United States District for the Western District of Missouri today:

“Although Butterfly Labs is still disturbed with the Federal Trade Commission’s rush to judgment and labeling of the company as bogus and scammers, Butterfly Labs is pleased by the Court’s entry of a Stipulated Interim Order, which allows the company to reopen its doors for limited operations. While the Order does not allow Butterfly Labs to fully serve our customers as desired, it is a step in the right direction and will allow for limited order fulfillment. During the period of the Court’s Order, Butterfly Labs will continue to cooperate closely with the Court-appointed Temporary Receiver.

Butterfly Labs views the Order as 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.

There are a number of unsubstantiated claims circulating about Butterfly Labs. We intend to address all inaccuracies in due course, including the false claims around burn-in testing and Butterfly Labs inappropriately mining bitcoins with customer equipment.

Butterfly Labs thanks its many customers, employees, and business partners for staying with us during this challenging time.”

Contacts

Blanc & Otus Public Relations, on behalf of Butterfly Labs
Charles Zinkowski, 646-578-4519
Charles.Zinkowski@blancandotus.com

Contacts

Blanc & Otus Public Relations, on behalf of Butterfly Labs
Charles Zinkowski, 646-578-4519
Charles.Zinkowski@blancandotus.com