Dwolla and CampBX are discussing a solution to the problem and everything seems to be going fine. MtGox is ok with this (I haven't heard anything from them). Why is TradeHill the only one being ignored? This doesn't make much sense to me...
That seemed very odd to me as well.
As I hypothesized on another thread, perhaps there are NSL's involved.
http://en.wikipedia.org/wiki/National_Security_LetterMt Gox confirmed some transactions have gone missing on IRC and possibly a post. exchangebitcoin.com confirmed it and isn't accepting Dwolla, Bitcoin7 isn't accepting Dwolla and I've been told they confirmed the chargebacks.
It's 100% possible that CampBX didn't receive any chargebacks. If I have to guess it's because they didn't have the open orders to justify defrauding 5k or they thought they would get caught faster with lower volume to hide in. If that's the case good for them. Dealing with fraud isn't fun. I'm assuming if they continue to accept Dwolla and nothing changes they will see fraud.
Jered
Thanks for the reply Jered, but...
On a recent Wagner interview, CampBX (Keyur?) seemed to indicate that he is having detailed discussions with Dwolla about how to mitigate the fraud that you guys have uncovered. And that the announcement of a solution was to be forthcoming. The question of why the disproportionate level of attention and communications between Dwolla's customers is what I am interested in in this particular post.
In other news, I just added to my TH funds so I could be positioned more flexibly should any unpleasant and unexpected fallout come out of 8/2/2011. That is to say, while all of my eggs are by no means in one basket, Tradehill's word to do right by their customers has some level of equivalence to my faith in Wells Fargo's ability to look after my assets. You guys alone seem to have detected, quantified and communicated the damages and told us how you expect to handle situation. That means a lot to me.
Thanks and as much as I would love to have "everyones eggs in our basket" I'll say it over and over. Don't do it. Diversify and minimize risk. This goes for exchanges, walllets, banks, credit cards and more.
I'm assuming their lawyers have told them to keep quiet because we still haven't received a response from Dwolla beyond "we'll look in to this".
I'm curious to hear this solution that makes "non-reversible reversible payments non-reversible" again. Or how we will know ahead of time if it's going to be reversed.
We're open to work with Dwolla in the future if they can get it straightened out and come clean.
Jered