US EditionBitcoin's Hard Fork Proposal to Get Back $5 Billion in Stolen Mt. Gox Funds Sees No Takers
Mark Karpelès seeks a Bitcoin hard fork to unlock 79,956 BTC worth $5.2 billion tied to the 2011 Mt. Gox hack for creditor repayment amid community deadlock.
- On February 28, former Mt. Gox CEO Karpelès proposed a hard fork to Bitcoin, suggesting a way to recover 79,956 BTC worth over $5.2 billion.
- The coins have sat unmoved since 2011, while Japan's existing court‑supervised Mt. Gox rehabilitation process exists, and the trustee declined on‑chain recovery due to uncertain support.
- A single consensus‑rule change would substitute one public‑key hash for another, with under 60 lines of code and activation height set to infinity, requiring node operators to upgrade.
- Several Mt. Gox creditors argued against rewriting Bitcoin’s rules, valuing private keys, while supportive creditors welcomed recovery; the proposal sparked backlash on Bitcoin forums and was auto-closed.
- Critics warn that altering consensus rules to reclaim stolen funds would undermine Bitcoin's irreversible transactions; Mt. Gox once handled 70% of global Bitcoin trading, losing about 750,000 customer Bitcoin.
18 Articles
18 Articles
Bitcoin's hard fork proposal to get back $5 billion in stolen Mt. Gox funds sees no takers
Mark Karpelès submitted a pull request to Bitcoin Core that would redirect coins that have remained untouched since 2011 to a recovery address controlled by the MtGox trustee, reigniting the oldest debate in Bitcoin.
Mt. Gox Founder Pushes For Hard Fork Plan To Recover 80,000 Stolen Bitcoin
Mark Karpelès, the former CEO of the now defunct Mt. Gox exchange, is urging the Bitcoin community to consider a network hard fork to retrieve 80,000 Bitcoin linked to the platform’s hack.The proposal was submitted to the GitHub repository as a formal pull request. In it, there was a consensus that proposed a method of recovering the 79,956 BTC that were stolen during the 2011 breach of Mt. Gox. Mark Karpelès, CEO Mt.Gox Exchange, Source: Reute…
Mark Karpelès, former CEO of the exchange, unsuccessfully submitted a pull request seeking to trigger a hard fork in Bitcoin. Read more
$5.2 Billion in Stolen Bitcoin Has Sat Untouched for 15 Years. One Man Wants to Take It Back Bitcoin News ETHNews
Former Mt. Gox CEO Mark Karpelès has submitted a draft proposal on GitHub to recover approximately 79,956 BTC, valued at over $5.2 billion, stolen in a 2011 hack and sitting untouched in a single dormant address for fifteen years, reigniting one of Bitcoin’s most fundamental ideological debates in the process. The Proposal The target is a specific address, beginning with 1Feex, that has been publicly known within the Bitcoin community for years …
Former Mt. Gox CEO Mark Karpelès proposed a hard fork on the network to recover the Bitcoins stolen in the 2011 cyberattack, which are currently worth over $5.2 billion. Cryptocurrency… Mt. Gox CEO Makes Brilliant Proposal for $5.2 Billion in Repayments: Bitcoin...
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