It's in all the online payments trade-- the following is from Pymnts.com
TradeHill Inc., exchange operator for online currency Bitcoin, has filed a lawsuit against payment startup Dwolla.
In the suit, TradeHill alleges that “fraudulently reversed nearly $100,000 in supposedly ‘credited’ transactions and unjustifiably blocked an attempt by TradeHill to transfer $70,000 of its funds from Dwolla's control," a press release shows.
Dwolla CEO Ben Milne has since responded. While Dwolla has not yet been served a formal notice regarding any potential lawsuit, Milne says, his company would “vigorously defend all allegations of wrongdoing” should that service take place.
Milne’s response is hardly boilerplate, and makes a significant effort at explaining some of the details behind TradeHill’s allegations. The statement is available online at Observer.com’s BetaBeat.
Good for Tradehill, bad for Bitcoins if Dwolla acts stupid. They should quietly settle out of court.