Silk Road forums
Discussion => Off topic => Topic started by: dipmyfry on February 14, 2012, 05:35 am
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They have stopped all there trading and i had money in there ? Something fishys going on here .. Anybody know anything about this?
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They said that they're giving all of the money back so you should be alright
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New regulations that went into place really changed a few things with exchanges.
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Is tradehill US-located?
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Is tradehill US-located?
www.tradehill.com
TradeHill, Inc.
1122 Howard
San Francisco, CA 94103
United States
info@tradehill.com
(503) 446-6127
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Well that's their problem. You have to be part way bat-shit-crazy to open up a business in ANYTHING to do with financials within US borders. They have some of the most draconian banking laws on the planet. Better to go offshore to a non-reporting, non-extradition district.
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Well that's their problem. You have to be part way bat-shit-crazy to open up a business in ANYTHING to do with financials within US borders. They have some of the most draconian banking laws on the planet. Better to go offshore to a non-reporting, non-extradition district.
I would have to agree with this^ They must have some balls!
Anyways so all trading has come to halt? I was gonna try and withdraw the rest of my coins to SR today this the option still seems available but since they closed down will it even go through ? i doubt just wondering, worth an ask tho.
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From the official press release:
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.
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Damnn!!
Could something like this happen at MTGOX?