Bitcoin Foundation

Mt.Gox Resigns From Bitcoin Foundation’s Board, Clears Twitter Account

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Mt.Gox has resigned from the Bitcoin Foundation’s board of directors. The foundation made the announcement on its blog after the news was first reported by the WSJ. In addition, Reddit users also noticed that Mt.Gox has cleared all tweets from its official Twitter account. We’ve emailed Mt.Gox for comment.

Mt.Gox CEO Mark Karpeles was one of three elected industry members who held seats on the board. The Bitcoin Foundation said that would release more details, including information about election procedures, soon.

Problems faced by Mt.Gox since it paused Bitcoin withdrawals on Feb. 6 have contributed to a steep decline in Bitcoin’s value and focused attention on the instability of unregulated markets. Mt.Gox said last week that it suspended withdrawals because of a “technical issue.”