user323: 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?

user1364: 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.

323: <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>
 1364: <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>
