In what appears yet another straw on the camel’s back of Mt.Gox (following the re-freeze of account withdrawals), the Bitcoin Foundation this evening reported that:
“effective immediately, Mt. Gox has submitted their resignation from the board of directors.”
Bitcoin prices on the dying exchange tumbled on the announcement after quite an extreme volatility day – which saw prices swing from $151 to $239 and then down to $190 on the news.
Mt. Gox Resigns Bitcoin Foundation Board Seat
Jon Matonis Feb 23 2014
Effective immediately, Mt. Gox has submitted their resignation from the board of directors. We are grateful for their early and valuable contributions as a founding member in launching the Bitcoin Foundation. MtGox Co. Ltd. (Japan) held one of the three elected industry member seats.
Further details, including election procedures, will be forthcoming.
There is still no further updates on when Mt.Gox will resume withdrawals.
This is the second time in recent months that a senior Bitcoin Foundation member and Board Member has resigned from the position under a cloud. BitInstant CEO Charlie Shrem, who was the Board’s vice chairman, also resigned in late January after his arrest over allegations of money laundering.