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Mt. Gox CEO Resigns From Bitcoin Board

His exchange halted bit coin withdrawals earlier this month


The CEO of a prominent online currency exchange has resigned from the board of a bitcoin organization in the wake of technical problems at the exchange.

Source: Flickr

Mark Karpeles, the CEO of Japan-based Mt. Gox has left the Bitcoin Foundation’s board of directors. Bitcoin prices on Mt. Gox were trading as low as $151 on Monday, well below other exchanges, Bloomberg notes.

Bitcoin: It’s a Trade, Not an Investment
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Earlier this month, Mt. Gox announced that it had halted bitcoin withdrawals from customer accounts due to a technical glitch.

A Bitcoin Foundation official has previously said that “unpreparedness” was at least partially responsible for the bitcoin withdrawal problem at Mt. Gox. In a statement issued on Thursday, Mt. Gox said it was still trying to resolve the issue.

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