Mt. Gox Steps Down From Bitcoin Foundation – Effective Immediately

Today the Bitcoin foundation posted the following  on their blog:

mtgox-resigns-bitcoin

Hat tip to the Wall Street Journal who were the first to pick this story up. Mt. Gox has been under intense scrutiny after it halted withdrawals on Feb 6th which is believed to have hurt the value of the popular crypto-currency. Mark Karpeles  is the CEO of Mt. Gox and until today he was one of three people with seats on the Bitcoin Foundation board.

I think it’s clear that something is unraveling here that we’re all going to learn more about it in the coming months. Still, it’s fun to speculate so I’ll ask, what do you think is really going on here?

 

{ 5 comments… add one }

  • Mike February 23, 2014, 9:35 pm

    Dont know whats going on there but bitcoin price surely took a hit from that news!

    Reply
  • Crypto Names February 23, 2014, 9:36 pm

    They also just deleted all tweets on their twitter account:
    https://twitter.com/MtGox

    Reply
  • Anunt February 23, 2014, 9:56 pm

    Mark Karpeles from Mt Gox ran off with everyones bitcoins…and there is a rumor that there is a 100btc ($55k+)bounty to find him…this bounty amount is growing with more donations. Nobody is answering the phone at Mt Gox.
    Mark is going to jail so he might as well run…

    Reply
  • Nick February 24, 2014, 3:09 am

    *coins are nothing but a sham

    Reply
  • Joe February 24, 2014, 3:57 am

    The first word I learned at 16 years old when he entered the office of Barcelona (Spain) to deliver a manifest of a ship, you see my boss say see person X and having to say the word · “As always” this was a code and there is something behind all economic and so much money was Mr. X he perceived over the years totaling over $ 5,000 billion, economy style everything is back again with subprime bubble.
    It’s what’s friends around the world.

    Reply

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