Former Mt. Gox CEO to Launch New Cryptocurrency Exchange in Europe
CryptoNewsTerminal Staff03 Sep, 2024
Former Mt. Gox CEO to Launch New Cryptocurrency Exchange in Europe
Former Mt. Gox CEO Mark Karpeles is set to launch a new cryptocurrency exchange in Europe later this month, The Block reported on May 19. The new exchange, dubbed EllipX, will be based in Poland and prioritize transparency and user-friendliness, Karpeles said in an interview. Karpeles previously launched a crypto wallet known as EllipX that employed multi-party computation technology. The experience gained from that project will likely be applied to the upcoming exchange. Mt. Gox, once the world’s largest cryptocurrency exchange, collapsed in 2014 after losing 850,000 bitcoins to hackers.