He should step down from the boards of the Media Lab and The New York Times. Far more information is provided in Ethan's resignation letter than in Ito's "apology":
I don't know about we, but he could do a lot more than a carefully worded apology. He knowingly took money from a man convicted [1] of child prostitution. The least he could do is resign.
http://www.ethanzuckerman.com/blog/2019/08/20/on-me-and-the-...