Archive | ftc

FTC Offers Free Workshop to Inform the Public About Crypto Scams

The US Federal Trade Commission has announced a free educational forum on avoiding cryptocurrency based fraud to be held in June. FTC to Hold Crypto Scam Workshop The “Decrypting Cryptocurrency Scams” workshop will involve law enforcement agencies, consumer advocacy groups, and private sector business will come together to “to explore how scammers are exploiting public interest in cryptocurrencies… […]

US Court Shuts Down Promoters of Three Deceptive Crypto Schemes

A U.S. federal court has placed a restraining order on and frozen the assets of four alleged promoters of deceptive schemes involving cryptocurrencies at the request of the country’s Federal Trade Commission. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies US Court’s Order The U.S. Federal Trade Commission (FTC) announced on Friday […]

Feathercoin Developer Bushstar Will Make a Surprising Comeback Next Year

With so many different altcoins available these days, most people won’t even remember Feathercoin. Although this cryptocurrency has a bit of a checkered history, one of its lead developers has announced he will make a return in 2018. In addition, he has unveiled some interesting plans for this currency, which will celebrate its fifth birthday next year. What’s […]

FTC Files Lawsuit Against D-Link Over Unprotected IoT Devices

Vulnerable routers and webcams pose a significant threat to online security. D-Link, one of the world’s leading hardware manufacturers of these inter-connected computer accessories, has been sued by the FTC. Apparently, the company has not taken the necessary steps to secure their devices. A hacker may have taken advantage of this issue, although that has […]

FTC Settles Charges Against Bitcoin Mining Hardware Manufacturer Buttlefly Labs

Bitcoin mining hardware manufacturer Butterfly Labs, has agreed to settle a dispute with the FTC, which accused the company of deceiving customers. According to the FTC’s complaint – which was filed on the 18th of September in 2014 – Butterfly Labs misrepresented the profitability of their mining machines, and also kept customer’s pre-payments without delivering […]

Butterfly Labs Asset Seizure Spurs On Mining Industry Competition

Amid the FTC injunction of Butterfly Labs additional insight was gleaned about the operations of the company. Butterfly Labs (BFL) sells high-performance computers that are designed solely for mining Bitcoin. BFL operated primarily on a pre-order basis that meant customers knew they would be ordering a product that would not be ready for some time–but […]