Japan and Sweden have now become the latest “bitcoin allies.”
Emil Oldenburg, co-founder of Swedish bitcoin exchange Safello, has now relocated to Tokyo, Japan to start a new security firm with some of his fellow bitcoin experts
The company, WizSec, is being created to perform unofficial analysis of the transaction records of Mt. Gox, the massive Japan-based exchange that lost nearly half-a-billion of its customers’ bitcoins and is now facing massive lawsuits and heavy cleanup.
As Oldenburg states:
“I saw an opportunity in Japan and decided I needed to act now, as it wouldn’t be there forever.”
WizSec’s chief hacking officer, J. Maurice, expressed great enthusiasm and confidence regarding Oldenburg’s association with the security startup:
“Our goal is to recruit the most elite hackers from all over the world, so we’re honored to have Emil come join us to co-found our bitcoin security firm.”
Since the incident with Mt. Gox, he also explains that the desire for bitcoin security has grown greatly, and thus several doors have opened for WizSec to jump in and do what it does best:
“As Mt. Gox taught us, the most important thing in bitcoin is to not get hacked, or to build systems that don’t require such trust in the first place, and that’s what our firm will help new bitcoin startups with.”
Despite being abroad, Oldenburg will continue to serve as a Safello shareholder.
