What is the story behind Tradehill?

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Tradehill used to be an important Bitcoin exchange, but it was closed earlier this year due to losing a lot of money to their payment processor. What is the full story behind Tradehill?

ThePiachu

Posted 2012-05-23T23:15:28.763

Reputation: 42 235

Answers

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Basically, Dwolla promised that they would never honor chargebacks. They in fact did and stole dollars back from their bank account after TH gave Bitcoins to the scammers. They lost a lot of money by this. I believe Dwolla is being sued for 2 million dollars as a result of this.

Tuxavant

Posted 2012-05-23T23:15:28.763

Reputation: 304

1That isn't really "the full story behind Tradehill". – Meni Rosenfeld – 2012-05-31T05:11:46.317

1If you believe something is incorrect you may downvote or even vote for deletion. Please do not flag things for moderator attention based on correctness. – David Perry – 2012-06-02T02:18:16.287