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.<\/p>\n
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.<\/p>\n
Earlier this month, Mt. Gox, the best-known digital marketplace operator, said a halt on withdrawals would continue indefinitely after it detected “unusual activity.<\/p>\n
Mt. Gox is one of the industry representatives on the board of the Bitcoin Foundation, which advocates for the virtual currency.<\/p>\n
Charles Shrem, another prominent member, resigned earlier this year after being arrested in connection with an alleged drug scheme involving his bitcoin currency exchange.<\/p>\n
Bitcoin prices have been falling fast after Mt. Gox said a “bug in the bitcoin software” could allow transaction details to be altered.<\/p>\n
Mt. Gox and the Bitcoin Foundation were not immediately available for comment.<\/p>\n
The world\u2019s most popular digital currencies<\/a><\/strong><\/p>\n Cyber currency here to stay<\/strong><\/a><\/p>\n