Former Mt.Gox CEO Mark Karpeles, in an interview at Korea Blockchain Week, expressed his concern about the excessive centralization and prevalence of scam projects in the current industry. He stated, "There are too many projects like this, and I have to use the word 'bad' in a very broad sense because they are either scam projects or they don't bring anything truly remarkable or new."

Furthermore, Karpeles advocated for Hierarchical Deterministic (HD) wallet technology, claiming that the Mt.Gox tragedy could have been avoided if HD technology had been available at the time. HD wallets, known for their secure management and generation of multiple public and private key pairs, are generated from a single master seed.