Former Mt. Gox CEO Mark Karpeles makes his comeback

Quick Take

  • Former Mt. Gox CEO Mark Karpeles is making his comeback to crypto with the launch of a new exchange, EllipX.

Episode 7 of The Crypto Beat was recorded with The Block's Editor-In-Chief Tim Copeland and Former Mt. Gox CEO Mark Karpeles.

Listen below, and subscribe to The Crypto Beat on YouTubeAppleSpotify, Twitch or wherever you listen to podcasts. Please send feedback and revision requests to [email protected]


Former Mt. Gox CEO Mark Karpeles joined Tim Copeland to discuss his return to the crypto space with the launch of a new exchange: EllipX.

OUTLINE
00:00 Introduction
04:37 - Another exchange?
6:20 - Trust issues
12:44 - Why Europe?
15:15 - Security features
17:55 - FTX collapse opens the market
25:09 - Post-FTX collapse
31:54 - Ungox
36:47 - Mt Gox repayments
40:38 - Closing thoughts


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© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

AUTHOR

Jordan Leech is a Berlin-based Editorial Intern at The Block. He has worked for several years as a broadcast journalist, camera operator, and producer before aiming to get established working in the crypto industry. Jordan holds a degree in Philosophy and Political Science from the University of Guelph and is an avid photographer and traveller in his free time.

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