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Bitcoin Foundation hit by big bitcoin losses

Martyn Williams | April 8, 2015
While the Bitcoin Foundation says it's not bankrupt, it has been hit hard by the currency it's trying to promote.

Membership was hit when two board members "resigned in disgrace," he said. They were Charlie Shrem, who is currently in prison for money laundering related to bitcoin and the Silk Road underground marketplace, and Mark Karpeles, who ran the failed Mt. Gox bitcoin exchange in Tokyo.

 

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