The offices were closed, assets were seized (not sure to what extent), and some members of mgmt were supposedly arrested this morning. Info on the web is still sparse. I worked for BFL for a period of time, and still know a few people there. I received word at 11:30 am that Federal agents had entered the building, seized everything at the facility, and told everyone to go home. They were also told that they should prepare for the possibility of not coming back. As the day progressed, I've received a few documents that I have not yet had time to open, and am not sure I could share the contents here, since I'm not positive how binding the non-disclosure agreement we were forced to sign in mid-2013 is still enforceable, and if so, would they even bother enforcing it. Obviously, I'm not taking chances by posting anything sensitive in this forum. I trust users here about as much as I do the "masterminds" at BFL. I'm also convinced that while BFL was arguably the worst offender and provided the worst service to customers than I think I've ever witnessed, most companies involved in BTC are shady as hell. All the same, the "rumors" are true at least in part. Sadly, as far as I've gathered, only 3 members of upper mgmt had arrest warrants, while a few other shareholders, who arguably deserve the same treatment as those reportedly arrested, were not mentioned at all. For those of you hoping that Josh was one of them, I'm sorry to disappoint.Other former BFL have also posted here in the forums regarding the matter, and might have additional information that I haven't received. I avoid the place like the fucking plague, and only have a couple contacts there who I trust would tell the truth... Mainly former fellow disgruntled employees who were either not fired or didn't leave because they hadn't found other employment. Though the group of employees that tried to push back against the awful practices employed by mgmt were extremely small, they existed. Of course, once it became known that you were not for towing the company line, you could start counting your days. That place was a cancer, and this needed to happen.

Sorry, I cannot provide more info at current, and despite the usual skepticism found here and remarks to provide corroborating documentation which may arise, this is the only confirmation I'll post, unless I find something of interest that hasn't been shared. In the coming days, you'll read for yourself and find that my account, while not spot on, given the information came from a few different sources, it's also not too far off from the truth. I'm sure some BFL hack will take to these forums soon to try some futile damage control filled with nothing but lies and half-truths, but at the moment, it seems as if all of their bullshit caught up with them. And as one poster above correctly noted, this should have happened long ago.

Keep reading. There is plenty of excitement in store in days to come.