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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

Voting For Bitcoin Foundation Board Seats Ends Tonight

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Last Updated: October 7, 2020 11:38 am
1 min read

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The voting period for an election that aims to fill in two vacation industry seats on the Bitcoin Foundation board ends at midnight tonight, leaving the bitcoin community wondering just who will help carry on the Board’s mission of bitcoin of helping people exchange resources and ideas more freely.

The vacant board seats were once held by Charlie Shrem, who was the CEO of BitInstant. Due to legal troubles (specifically, suspicion of laundering in the neighborhood of $1 million), Shrem gave up his seat earlier this year.

The other seat belonged to Mark Karpeles, former CEO of the Mt. Gox bitcoin exchange. As you can imagine, when the exchange collapsed, the pressure was on to have him removed from the board, and he willingly resigned.

The voting was originally supposed to end Tuesday night, but due to technical issues, it was extended.

Brian Goss, who serves on the board’s election committee said the following in a statement to CoinDesk:

[blockquote style=”2″]On account [of] the hiccups we had getting the vote launched as well as the numerous reports of ballots getting stuck in spam folders, we will be extending the voting deadline to 11:59 PM US Eastern time on Wednesday, April 30th.[/blockquote]

The decision to extend the voting period by a day was designed to allow the Foundation make certain that no votes were lost.

Stay tuned; we’re likely to find more information on Thursday.

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