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Assange extradition to US ‘far-fetched’

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Swedish prosecutors say it is "far-fetched" to think that fugitive Wikileaks founder Julian Assange could be extradited to the United States if he returned to Sweden.

It was the first time that Swedish prosecutors, who want to question the 43-year-old Australian on allegations of rape and sexual molestation, commented on the likelihood that he could be sent to the US.

Assange refuses to return to Sweden and has been holed up since 2012 in London in the embassy of Ecuador, which granted him political asylum the same year.

The US has not yet requested extradition of Assange since Sweden issued a European arrest warrant in November 2010, rendering the whole question hypothetical, the prosecutors said.

"It would seem to be a far-fetched idea that the United States would have waited since 2010 to initiate extradition proceedings with the intention of sending their request to Sweden rather than to Britain," they said.

"Even considering that this would be permitted under Swedish law, a decision to extradite him to the United States from Sweden would also require the agreement of Britain."

They made the statement in a written reply to arguments made by Assange's lawyers, who have appealed a decision by a Swedish court in July this year to uphold the arrest warrant against him.

The Court of Appeal in Stockholm is expected to announce its decision within the next week.

If it scraps the European arrest warrant against Assange, it could mean that he would be able to leave the Ecuadoran embassy.

The arrest warrant was issued to enable Swedish prosecutors to question Assange about charges brought against him by two women in their 30s. Assange denies the accusations.

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Assange extradition to US 'far-fetched'

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Bitcoin-mining company Butterfly Labs shut down by FTC

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Company marketed specialized computers designed to produce the cryptocurrency but delivered useless machines, according to an FTC complaint.

A bitcoin-related company that allegedly engaged in deceptive marketing of specialized computers designed to produce the cryptocurrency has been shut down at the request of the US Federal Trade Commission.

In a complaint filed earlier this month, the FTC alleged that the Butterfly Labs charged consumers thousands of dollars for computers that mine Bitcoins but then failed to deliver the machines "until they were practically useless, or in many cases, did not provide the computers at all," the agency said in a statement Tuesday.

"We often see that when a new and little-understood opportunity like bitcoin presents itself, scammers will find ways to capitalize on the public's excitement and interest," Jessica Rich, director of the FTC's Bureau of Consumer Protection, said in a statement. "We're pleased the court granted our request to halt this operation, and we look forward to putting the company's ill-gotten gains back in the hands of consumers."

Bitcoin, which is unregulated and allows for anonymous, untraceable transactions, can be obtained by purchasing it on an exchange or accepting it as payment for goods or services. The peer-to-peer currency can also be generated, or "mined," by solving complex mathematical equations, a process that requires greater computational effort as the pool of possible solutions shrinks. The amount of bitcoins possible is capped at 21 million; there are currently 13.3 million bitcoins in existence.

To perform the arduous mining process, the company marketed what it called a cutting-edge computer for as much as $29,899, the FTC alleged. As of September 2013, more than 20,000 orders for the computer, called BitForce, had not been fulfilled, according to the FTC. The complaint also alleges that Butterfly Labs began marketing a follow-up computer called the Monarch in August 2013 for as much as $4,680 but that by last month few, if any, had been delivered.

"Even where Butterfly Labs did deliver a Bitcoin mining computer to a consumer, the complaint notes that because of the unique nature of the Bitcoin system, the outdated computers were useless for their intended purpose," the FTC said, indicating that a company representative said the passage of time had rendered some machines as effective as a "room heater."

Responding to the FTC's lawsuit, Kansas-based Butterfly Labs said Tuesday it was "disappointed in the heavy-handed actions" of the commission.

"In a rush to judgment, the FTC has acted as judge, jury and executioner, contrary to our intended system of governmental checks and balances," the company said in a statement. "Butterfly Labs is being portrayed by the FTC as a bogus and fake company. To the contrary, Butterfly Labs is very real."

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Bitcoin-mining company Butterfly Labs shut down by FTC


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