Former Mt.Gox CEO Proposes Bitcoin Hard Fork to Recover $5.2 Billion Stolen Funds

BlockBeats News, February 28th, according to TheBlock, Mark Karpelès, the former CEO of Mt. Gox, proposed a Bitcoin hard fork yesterday to recover around 80,000 bitcoins stolen in the 2011 hack, currently worth over $5.2 billion, which have been dormant in the related addresses for 15 years.

The proposal suggests adding specific consensus rules to allow the use of these funds through signatures from Mt. Gox recovery addresses and to return them to the creditors through an existing court-supervised rehabilitation process. The proposal has sparked controversy, with supporters seeing it as a limited measure to address a specific theft case, while opponents are concerned that this move could undermine Bitcoin's immutability principle and set a dangerous precedent.