Mt. Gox, which was once the world’s largest ‘Bitcoin exchange’ and where 70% of Bitcoin volume globally. Gox exchange founder and former CEO Mark Karpeles is opening a new cryptocurrency exchange. The stock exchange called EllipX will be located in Poland, which is beginning to be seen as Europe’s developing technology country, and will only provide crypto services in the first place.
Later, the exchange also aims to provide fiat and various banking services. Karpeles, who is currently 39 years old, is expected to open this month.
Karpeles states that the difference of the EllipX platform from other exchanges will be transparent and secure.
Karpeles, who participated in the Block Chain Week in Seoul, the capital of South Korea, said in a statement here that the company will not compromise on security and will work with BitGo-style, 3rd party custody and clearing companies, and will have 3rd party firms carry out audits.
Karpeles’ platform, Mt. Gox victims will also apply a 50% transaction fee discount to these people.
What happened?
The French executive founded Mt. Gox in 2011 from Jed McCaleb, known today as the founder of Stellar (XLM). Mt. Gox was only a card exchange platform at that time. The name even stands for “Magic: The Gathering Online Exchange” The name is the name of the famous card exchange called “Magic: The Gathering”, referring to the famous card game.
At that time, with the popularisation of Bitcoin, a Bitcoin option was added to the platform, but then McCaleb left the company completely.
Mt., which experienced various hacking incidents under Karpeles’ management. Gox saw the biggest of these by stealing 850 thousand Bitcoins in 2014. Later, about 200 thousand Bitcoins were found. BTC distributions made today are made over these found Bitcoins.
This event took its place in history as one of the biggest collapses of Bitcoin and naturally the cryptocurrency world. Karpeles was arrested after the incident, went from trial to trial, but was acquitted of the allegations of embezzlement and received only 2.5 years in prison. The sentence was also suspended.
