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?
asked May 23, 2012 at 23:15
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1 Answer
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.
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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. Jun 2, 2012 at 2:18