Feb 23 Mark Karpeles, chief executive of Mt.
Gox, the embattled Toyko-based bitcoin exchange, resigned on
Sunday from the board of the Bitcoin Foundation, the Wall Street
Journal reported, citing a person familiar with the situation.
The move comes amid a string of longstanding technical
issues that began last summer when Mt. Gox halted customer
withdrawals in U.S. dollars, the Journal said. ()
Earlier this month, Mt. Gox, the best-known digital
marketplace operator, said a halt on withdrawals would continue
indefinitely after it detected "unusual activity."
Mt. Gox is one of the industry representatives on the board
of the Bitcoin Foundation, which advocates for the virtual
Charles Shrem, another prominent member, resigned earlier
this year after being arrested in connection with an alleged
drug scheme involving his bitcoin currency exchange.
Bitcoin prices have been falling fast after Mt. Gox said a
"bug in the bitcoin software" could allow transaction details to
Mt. Gox and the Bitcoin Foundation were not immediately
available for comment.