#USIsraelStrikesIranBTCPlunges Former Mt. Gox CEO Mark Karpeles has proposed a network hard fork to recover approximately 80,000 Bitcoins stolen in 2011 and inactive for 15 years.

Mark Karpeles, the former CEO of Mt. Gox, one of the most prominent targets of one of the largest cyber attacks in crypto history, has come up with a new controversial proposal. Karpeles suggested a hard fork on the Bitcoin network to recover 79,956 BTC that were stolen during a hack attack on Mt. Gox in 2011 and have remained inactive for about 15 years.
“A One-Time Exception”
The roughly 80,000 Bitcoins in question have shown no wallet activity since they were leaked from the exchange in 2011. Karpeles’s radical recovery plan requires a retrospective intervention in the Bitcoin network’s code to return the lost funds.
The former CEO acknowledged that this move could be seen as contrary to Bitcoin’s core philosophy, emphasizing that it would not become a general mechanism for reversing transactions or recovering funds. According to Karpeles, this hard fork should be a one-time exception, specific only to this particular situation.
It is believed that Karpeles’s proposal will not be taken seriously within the Bitcoin ecosystem. The main reason for this is the principle of immutability in Bitcoin. One of Bitcoin’s greatest value propositions is that transactions on the blockchain are never censored, reversed, or altered. Even a single breach of this rule could undermine Bitcoin’s trust mechanism. Another concern is the risk of network split. If the entire community does not accept this intervention, there is a risk of a chain split, similar to the Bitcoin Cash incident in the past, resulting in two separate networks.
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