ChainCatcher news, former Mt. Gox CEO Mark Karpeles stated in an interview during the Korea Blockchain Week that the current industry has excessive centralized risks and too many scam projects. "There are too many such projects, and I want to use the word 'bad' in a very broad sense because they are either scam projects or projects that do not bring any particularly outstanding new content." In addition, Karpeles also took the opportunity to promote Hierarchical Deterministic (HD) wallet technology, stating that if HD technology had existed during the Mt. Gox era, the tragedy would not have occurred. It is reported that HD is a type of wallet that can securely manage and generate multiple public and private key pairs, generated from a master seed.

ChainCatcher news, former Mt. Gox CEO Mark Karpeles plans to launch his new cryptocurrency trading platform later this month, focusing on transparency and user-friendliness. The upcoming platform is named EllipX and is set to launch in Europe later this month, headquartered in Poland.Karpeles stated that the structure of the new trading platform will be similar to that of the New York Stock Exchange, but aimed at cryptocurrencies. To ensure the platform's transparency, Karpeles plans to separate the different operational entities of the trading platform. Karpeles is also preparing to launch a nonprofit organization called Ungox, which will provide a rating system for cryptocurrency projects and exchanges.