Mt. Gox CEO Proposes Hard Fork to Recover Stolen Bitcoin

Mark Karpelès, the former CEO of Mt. Gox, has put forward a proposal for a hard fork to recover 79,956 stolen Bitcoin worth over $5.2 billion that have been frozen since the hack in 2014.

The coins are currently locked in one wallet and cannot be moved without the private key, which is unknown. Karpelès argues that this situation is distinct from everyday thefts, as the stolen funds are still visible on the blockchain and can be tracked.

The proposed hard fork would allow the coins to be moved into a recovery address, enabling the trustee to distribute them among creditors. However, critics argue that this plan threatens Bitcoin's core promise of immutability and could set a precedent for future protocol changes.