According to Odaily Planet Daily, former Mt.Gox CEO Mark Karpeles said in an interview at Korea Blockchain Week that the current centralization risks in the industry are too great and there are too many scam projects.

Karpeles believes that these projects are either scams or do not bring anything new to the table.

In addition, Karpeles promoted the hierarchical deterministic wallet (HD) technology, saying that if HD technology had been available during the Mt. Gox era, the tragedy would not have happened.

It is reported that HD is a wallet that can securely manage and generate multiple public and private key pairs, which is generated by a master seed.