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.

It is interesting to note the incredible degree of autonomy given to the receiver under the order to both sell the bitcoins as well as to spend money hiring a potentially unlimited number of "professionals and contractors" to assist in receiving and converting the bitcoins to United States Dollars.

The court order is available as a pdf here, or as plaintext below: