Mark Karpelès, the former CEO of the now-defunct Mt. Gox cryptocurrency exchange, has made a comeback in the Bitcoin industry with a new project called EllipX. Karpelès introduced this initiative through a post on X, unveiling the EllipX Wallet aimed at revolutionizing crypto security and accessibility. The announcement of EllipX was first made on August 6 on X, urging the crypto community to follow their journey. Today, Karpelès provided more details about the company's inaugural product in a blog post. The EllipX Wallet utilizes Multi-Party Computation (MPC) to enhance security by splitting a user's private key among multiple custodians. This innovative approach minimizes the risk of theft or loss. The wallet, which supports Ethereum initially, plans to incorporate Bitcoin, Bitcoin Cash, ERC-20 tokens, and more assets. EllipX Wallet prioritizes security by combining hardware security, biometric data, and authentication technology. Karpelès aims to make crypto more accessible and secure with this venture, following his controversial history with Mt. Gox. Read more AI-generated news on: https://app.chaingpt.org/news