The cryptocurrency world has just taken a monumental step forward with the launch of EllipX, a groundbreaking exchange that is set to redefine security, transparency, and trust in digital asset trading.

At the helm of this bold new venture is Mark Karpelès, the former CEO of Mt. Gox and a pioneering technologist in blockchain technology.

Having endured one of the most high-profile and gruelling legal battles in crypto history, Karpelès has emerged with a renewed mission – to restore trust in the industry and set new standards for how digital assets are traded.

EllipX represents a fresh start for Karpelès and a much-needed innovation for the cryptocurrency landscape.

Designed to empower traders across Europe and beyond, the exchange prioritizes cutting-edge technology and strict regulatory compliance, offering users an experience that is as secure as it is seamless.

Based in Poland and fully compliant with the European Union’s Markets in Crypto-Assets (MiCA) regulations, EllipX is officially registered under RDWW-1309 and is poised to become a trusted leader in the industry. The platform’s standout feature is its advanced Multi-Party Computation (MPC) wallet technology, which provides unmatched security for user assets.

Unlike traditional systems that rely on a single point of control, MPC technology distributes key management across multiple parties, significantly reducing the risk of attacks and insider threats.

This approach not only fortifies the platform against breaches but also allows for highly customisable access controls, making collaborative asset management secure and efficient.

With these innovations, EllipX eliminates vulnerabilities that have plagued other exchanges, ensuring that funds are protected at every stage of the trading process.

Transparency is another cornerstone of EllipX’s ethos. The platform conducts regular Proof of Reserves (PoR) audits through independent third parties, verifying that every customer deposit is fully backed by accessible liquidity.

In an industry often criticised for its opacity, this rigorous commitment to transparency sets EllipX apart and ensures that users can trade with complete confidence, even in volatile market conditions.

EllipX has been designed to cater to everyone, from crypto novices to seasoned traders. The platform features an intuitive interface that makes it easy for beginners to navigate the world of digital assets, while its competitive fee structure – offering taker fees as low as 0.10% and maker fees at 0.03% – positions it as one of the most cost-effective exchanges in the market.

With its seamless functionality and commitment to user experience, EllipX is more than just an exchange; it is a gateway to a reimagined crypto economy.

The story behind EllipX is as compelling as the platform itself. Mark Karpelès’ return to the crypto world follows a remarkable journey of resilience and redemption.

After the collapse of Mt. Gox, where £300 million worth of Bitcoin was stolen, Karpelès became the target of widespread suspicion and was arrested in Japan on charges of embezzlement and fraud. What followed was a harrowing ordeal, as he spent months in solitary confinement under austere conditions, denied access to evidence and resources. Armed with nothing but a USD100 Casio calculator from the prison commissary, Karpelès painstakingly analysed 20,000 pages of financial records, eventually producing an eight-page summary that dismantled the prosecution’s case and proved his innocence.

In 2019, Karpelès was acquitted of the major charges of embezzlement and breach of trust, with the court recognising that he had not stolen funds for personal gain.
Though convicted on a lesser charge of falsifying financial records, a decision tied to efforts to keep Mt. Gox afloat, he was given a suspended sentence and emerged determined to rebuild his life and his reputation.

Reflecting on his journey, Karpelès said:“When I was arrested, the most computing power I had was a simple calculator. I faced 20,000 pages of evidence, including 5,000 pages of accounting. The calculations I performed during that time not only helped me secure bail but ultimately cleared me of embezzlement. I was alone, in a foreign detention centre, with the world convinced I was guilty. But I knew the truth, and I refused to let it be buried under a pile of lies and unchecked numbers.”

Now, with EllipX, Karpelès is channeling his experience and vision into creating a platform that embodies the values of trust, security, and innovation. The launch of EllipX is just the beginning of an ambitious roadmap that includes expanded trading pairs, advanced trading tools, and tailored solutions for businesses and institutions. The platform aims to grow into a comprehensive ecosystem that serves every facet of the cryptocurrency economy, fostering a vibrant community for anyone passionate about digital assets.