Tag Archive: Sonny Vleisides

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    FTC Settles With Butterfly Labs for $38 Million

    The Federal Trade Commission (FTC) has reported the Bitcoin miner manufacturer Butterfly Labs has negotiated a settlement concerning the defunct company’s operations. The officials say that Sonny Vleisides, Jody Drake, and Nasser Ghoseiri deceived the public with its products availability and profitability. Also read: itBit to Expand Blockchain Operations Abroad Butterfly Labs Agrees to Settle but Judgment Will be Suspended Butterfly Labs management has decided to settle with the Trade Commission for partially suspended monetary

    · February 18, 2016 · 3:09 pm