Ryan McGeehan posted an announcement on Facebook that he is quitting as the company's Director of Security Incident Response. He will be working for Bitcoin startup Coinbase starting early April, according to TechCrunch.

Part of McGeehan's note reads: "I've accepted a role at Coinbase to build to build their security program starting April. Joining Facebook was a big risk, and this will be, too, no doubt. I've decided that crypto currency is worth protecting and I'd regret doing anything else right now. To FB employees or industry partners: I hope you all enjoyed working with me. I've loved working with you. Thanks, Mark, Dustin & Max for appreciating Facebook's hackers to begin with, or I wouldn't have made it here."

After the collapse of Mt Gox, Bitcoin companies are now taking definite measures to enhance their security programs and protect their systems from hacks. These firms are pressured to redeem people's faith in Bitcoin as a safe method of digital exchange, Social News Daily explained.

The future of Coinbase lies on the status of Bitcoin. Should any other untoward incidents shake up the digital currency, Bitcoin-based companies could also be greatly affected, the report stated.