Mark Karpeles, former CEO of Mt. Gox that failed, back with a new project called EllipX.
Recently name On the X platform, EllipX introduces a new wallet that aims to increase the security of cryptocurrencies and simplify their use.
Released on August 6, the wallet uses the Multi-Party Computing (MPC) system to secure private keys by distributing them between the user, their device and the EllipX infrastructure.
This innovative method eliminates the need for traditional recovery expressions and initial support etherwhich will be recorded soon Bitcoin and other assets.
EllipX aims to provide a secure and user-friendly experience by integrating biometric and hardware security features to protect assets. Karpeles described the release as an important step towards safer and more accessible cryptocurrency regulation.
Given Karpeles’ controversial tenure with Mt., community reactions were mixed. Gox, which collapsed in 2014 after losing 850,000 BTC in a major hacker attack. Despite his legal problems and the negative impact on his reputation, he is now aiming to rebuild his image with this new venture.
2024-08-24 22:08:28
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