29 Mar '14, 12pm

Court Grants Order to Freeze Hashfast’s Bitcoin Wallets

Court Grants Order to Freeze Hashfast’s Bitcoin Wallets

A court in Fort Worth, Texas, has granted a temporary restraining order to freeze the bitcoin wallets of ASIC mining hardware manufacturer HashFast Technologies LLC and HashFast LLC, after a customer claimed it failed to deliver hardware on time or negotiate a refund. The TRO was part of a wider lawsuit filed against HashFast on 27th March by Cypher Enterprises, who claim it ordered and paid HashFast for several items of bitcoin mining hardware in early October last year. The complaint says HashFast failed to meet its promised delivery date later that month, prompting Cypher Enterprises to cancel its orders. No refund Cypher Enterprises had paid for the majority of the orders for the ‘Baby Jet’ mining hardware in bitcoin but said HashFast had failed to offer or pay a refund of any kind, or even reply to the cancelation. The complaint, which has a Background section with th...

Full article: http://www.coindesk.com/court-grants-order-freeze-hashfas...

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