Bitcoin Hard Fork Shock? Former Mt. Gox CEO Proposes $5.2B $BTC Recovery Plan
Former Mt. Gox CEO Mark Karpelès proposed a Bitcoin Core hard fork to recover 79,956 $BTC stolen in 2011, now worth over $5.2 billion. The plan would allow transferring the coins without the original private key, but only if the community activates it. Developers quickly closed the pull request, citing procedural issues. Creditors remain divided, with some supporting further review while others oppose altering Bitcoin’s core rules. Critics warn that making exceptions could weaken Bitcoin’s immutability and set risky precedents. A contested fork could split the network, creating market uncertainty and potential selling pressure across the crypto industry.
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