Mark Karpeles Resigns From Bitcoin Foundation


Mark Karpeles, CEO of Mt. Gox, the largest bitcoin exchange based in Tokyo, resigned on Sunday from the board of the Bitcoin Foundation, according to the Wall Street Journal. WSJ journalist also tried to call Mt. Gox’s office in Tokyo, goes unanswered.

The move comes after continuous criticization of longstanding technical issues that began last summer when Mt. Gox halted customer withdrawals in U.S. dollars. Recently, several Bitcoin exchanges have suspended Bitcoin Withdrawal due to “transaction malleability” issues first raised by Mt. Gox itself. Though most of the exchanges fixed this issue within 72 hours but the technical problems at Mt. Gox are still not resolved, the customers are still not paid – and recently Mt Gox also changes their operational headquarters in Tokyo.

Mark Karpeles At Mt.Gox Bitcoin Exchange

Many users have been complaining for some time about week-long delays in withdrawals in normal currencies, or the identity verification that is needed to open an account. Few days ago few protesters gathered in front of the company headquarters and documented their  vigil in a blog document.

The Bitcoin community also suspects that the Mt. Gox market is about to go bankrupt. Maybe Mtgox was not only paralyzed by attackers, but also robbed a hefty sum of coins. Another major problem of Mtgox were ‘lack of communication skills’ and sometimes much too late turn with information to their customers.

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