Topic: TradeHill - shutting down trading / deposits and returning all client funds - page 6. (Read 22222 times)
February 13, 2012, 06:33:44 PM
February 13, 2012, 06:30:57 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 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.
Please follow our blog for more updates. tradehillblog.com
Sincerely,
Jered Kenna
Chief Executive Officer
TradeHill
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. The Bitcoin community is what inspired us to start the exchange in the beginning and will continue to provide growth for Bitcoin.
Edit 2: We've had a few requests for an address to send Bitcoins. If you want to donate to Bitcoin.com development you can send Bitcoins to: 13Lvy1CCHi7fYHHVarGvuXnSg3ZccvGmyg
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 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.
Please follow our blog for more updates. tradehillblog.com
Sincerely,
Jered Kenna
Chief Executive Officer
TradeHill
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. The Bitcoin community is what inspired us to start the exchange in the beginning and will continue to provide growth for Bitcoin.
Edit 2: We've had a few requests for an address to send Bitcoins. If you want to donate to Bitcoin.com development you can send Bitcoins to: 13Lvy1CCHi7fYHHVarGvuXnSg3ZccvGmyg
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