<p>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 <em>a lot of money</em> by this. I believe Dwolla is being sued for 2 million dollars as a result of this.</p>

CC BY-SA 3.0
2012-05-31T05:11:46.317Z
That isn't really "the full story behind Tradehill".
Meni Rosenfeld
CC BY-SA 3.0
2012-06-02T02:18:16.287Z
If 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
CC BY-SA 3.0
2012-05-30T23:18:58.243Z
2012-05-30T23:18:58.243Z
Tuxavant
<p><a href="https://en.bitcoin.it/wiki/TradeHill" rel="nofollow">Tradehill</a> used to be an important Bitcoin exchange, but it was <a href="http://tradehillblog.com/2012/02/13/tradehill-suspending-trading-and-returning-client-funds/" rel="nofollow">closed earlier this year</a> due to losing a lot of money to their payment processor. What is the full story behind Tradehill?</p>

<exchanges><websites><history><payment><tradehill>
What is the story behind Tradehill?
ThePiachu
# What is the story behind Tradehill?

(Asked by: username_0 on 2012-05-23)

[Tradehill](https://en.bitcoin.it/wiki/TradeHill) used to be an important Bitcoin exchange, but it was [closed earlier this year](http://tradehillblog.com/2012/02/13/tradehill-suspending-trading-and-returning-client-funds/) due to losing a lot of money to their payment processor. What is the full story behind Tradehill?

**Tags:** exchanges, websites, history, payment, tradehill


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## 1 answers

### Answer by username_1 on 2012-05-30. Score: 3 | Accepted 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.

> **Comments:**
> **username_2**: That isn't really "the full story behind Tradehill".  
> **username_3**: If you believe something is incorrect you may downvote or even vote for deletion. Please do not flag things for moderator attention based on correctness.  

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