The post Mt. Gox’s Former CEO Suggests Hard Fork to Reclaim 80K Stolen Bitcoin appeared on BitcoinEthereumNews.com.

Market News Mark Karpelès suggested a Bitcoin hard fork for the recovery of almost 80,000 BTC stolen in 2011 from Mt. Gox. The proposal has sparked renewed debate about Bitcoin’s immutability and governance. The former Mt. Gox exchange CEO, Mark Karpelès, has published a proposal for a Bitcoin hard fork in order to recover approximately 79,956 BTC stolen in a hack in 2011. The funds have been dormant in a single address related to the Mt. Gox hack for over 15 years. According to the current Bitcoin protocol rules, a person can only spend their funds if they have the corresponding private key. The hard fork proposal adds a new Bitcoin network rule that permits spending funds from the theft address with a Mt. Gox recovery address signature. Mark Karpelès said this new rule will let creditors spend the funds and recover them through Japan’s current rehabilitation process. He stated that this was a draft and not a request for its implementation. The proposal states that the network will implement this new rule at a future block height once miners and nodes accept it. Mark Karpelès noted that developers will apply this rule only to this specific address, not to all Bitcoin transactions. Debate Over Immutability and Network Risks The proposal has also elicited debates in the Bitcoin community, with some people expressing concerns over the implications for the Bitcoin protocol’s fundamental principles. Some people in the Bitcoin community believe that making an exception in the protocol for a single case could jeopardize the protocol’s immutability feature. They also believe that making an exception for one case could set a precedent for making exceptions in the future.  They also express concerns over who will decide the cases that will warrant such an intervention in the Bitcoin protocol’s history. The proposal’s…

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Filed under: News - @ February 28, 2026 12:25 pm