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Author Topic: TradeHill down...obviously FED coming down  (Read 104 times)

nigluhS

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TradeHill down...obviously FED coming down
« on: February 14, 2012, 03:35:31 PM »
::::: Announcement :::::: TradeHill suspending trading and returning client funds.

 Dear Clients,

Effective immediately TradeHill will be shutting down trading / deposits and returning all client funds.
Due to increasing regulation TradeHill can not operate in it's current capacity without proper money transmission licensing. Combined with multiple bank account closures and Paxum's decision to close all Bitcoin business accounts, we have deemed the best course of action is to halt trading and pursue licensing while raising funds.
SEPA transfers for our Euro customers have been enabled.

Everyone at TradeHill has also been working without pay for several months after one of our payment processors removed over $100,000 dollars from our account without notice. We decided to cover this loss for now instead of passing it on to our customers and are taking legal action against the processor. We would also like to make it known that our relationship with Paxum has been great and hope to work with them in the future.

We will be focusing on Bitcoin.com and are preparing to release a new site before the end of the month.
It has been a pleasure working with the Bitcoin community and look forward to continuing our business in the future. More details to come soon.

Sincerely,

Jered Kenna
Chief Executive Officer
TradeHill

Please send all press inquires to:   press@tradehill.com

Edit: We've received a lot of questions regarding donating your remaining balance to Bitcoin.com development. We've enabled a method to donate in all of the currencies and Bitcoin. 100% of these funds will go to Bitcoin.com development and keeping a community element present on the site. We have a great team lined up that we are preparing to announce and changes in the works to be released very soon. Thank you for all of your support.
when the wasps and the bumblebees have a party, nobody comes that can't buzz...

Assyl Fartrate

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Re: TradeHill down...obviously FED coming down
« Reply #1 on: February 14, 2012, 07:07:55 PM »
When you steal, it's robbery. When they steal, it's business.
Someone Who Is Me

nigluhS

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Re: TradeHill down...obviously FED coming down
« Reply #2 on: February 14, 2012, 11:48:56 PM »
so who stole from who?
when the wasps and the bumblebees have a party, nobody comes that can't buzz...

dream0n

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Re: TradeHill down...obviously FED coming down
« Reply #3 on: February 15, 2012, 12:20:53 AM »
[Oh, hey sorry]  :-[
I believe that they were notified previously & choose to do this based on legal counsel. I have been wrong before; they are not 'shutting down', but suspending their services and trying to clear all money out of their system...
« Last Edit: February 15, 2012, 02:05:57 AM by dream0n »
off to bigger and better things - don't worry I will visit from time to time

nigluhS

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Re: TradeHill down...obviously FED coming down
« Reply #4 on: February 15, 2012, 12:49:19 AM »
yes, I can read...speculation on who's hand was forced???

One has good authority to know FED's are breathing hard on all this
when the wasps and the bumblebees have a party, nobody comes that can't buzz...

jon

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Re: TradeHill down...obviously FED coming down
« Reply #5 on: February 15, 2012, 05:22:28 AM »
there is a war on alternative currencies going on.
anyone who invents an alternative currency is considered a terrorist by the fbi.
it all comes down to the control of money.
you are also a terrorist if you pay for coffee with cash according to the fbi.

Assyl Fartrate

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Re: TradeHill down...obviously FED coming down
« Reply #6 on: February 15, 2012, 11:15:04 AM »
Quote
so who stole from who?

Was referring to this:

Quote
Everyone at TradeHill has also been working without pay for several months after one of our payment processors removed over $100,000 dollars from our account without notice.
Someone Who Is Me

fresh1

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Re: TradeHill down...obviously FED coming down
« Reply #7 on: February 15, 2012, 11:20:26 AM »
yeah, thanx Assyl,  I was also wondering what you were referring to

another one bites the dust

damn!









"Curiosity is a gift"

Eternal

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Re: TradeHill down...obviously FED coming down
« Reply #8 on: February 16, 2012, 02:43:03 PM »
I think TradeHill was based in Chile. Ask TradeHill for specifics if you are interested. I bet they'd tell you.

Quote from: Assyl Fartrate on February 14, 2012, 07:07:55 PM
When you steal, it's robbery. When they steal, it's business.
I also like this saying I recently read on another forum.
Quote
Give a man a gun and he can rob a bank. Give a man a bank and he can rob  the world.
:D

Dr. Tox

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Re: TradeHill down...obviously FED coming down
« Reply #9 on: February 17, 2012, 03:12:42 AM »
Alternative currencies simply have to proliferate in order to get our world back under control. Currencies that lay outside the grasp of the treasury or any government. A currency (or many) by the people for the people.

Encrypted, anonymous, decentralized. Fuck economic slavery.
Alimentary, dear Watson; I had a gut feeling.

fresh1

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Re: TradeHill down...obviously FED coming down
« Reply #10 on: February 17, 2012, 04:16:58 AM »
Quote
    Quote

Alternative currencies simply have to proliferate in order to get our world back under control

aaah the good dream :P

the problem with alternate currencies is, "can you use the to pay the rent/mortgage, or for food or alcohol?"

No not yet, and if the PTB have their way, not ever

maybe one day, but I'm not holding my breath
"Curiosity is a gift"
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