Submission + - Court Order: Butterfly Labs Bitcoins to be sold. (qntra.net)
MrBingoBoingo writes: In a new development in the Case against Butterfly Labs, the Court overseeing the case has ordered bitcoins held by Butterfly Labs to be turned over to the Court appointed temporary receiver. The order also gives the receiver authorization to convert the bitcoins "to cash on a systematic and reasoned basis." The justification for this measure is at least to ostensibly create reserves with which refunds for Butterfly Labs customers may be paid from.