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⛓️ Crypto NeutralImportance 7/10

Mt. Gox's former CEO floats hard fork to recover 80K hacked Bitcoin

CoinTelegraph|Cointelegraph by Felix Ng||1 views
🤖AI Summary

Mt. Gox's former CEO Mark Karpelès has proposed a hard fork to recover 80,000 hacked Bitcoin from the collapsed exchange. This suggestion comes 12 years after Mt. Gox's bankruptcy proceedings began, with Karpelès describing it as potentially the last major issue to resolve in the case.

Key Takeaways
  • Mark Karpelès proposes a hard fork solution to recover 80,000 Bitcoin lost in the Mt. Gox hack.
  • The Mt. Gox bankruptcy proceedings have been ongoing for 12 years since the exchange's collapse.
  • Karpelès characterizes this as potentially the final major unresolved issue in the Mt. Gox case.
  • A hard fork would be a drastic measure requiring significant network consensus to implement.
  • The proposal highlights ongoing efforts to recover assets from one of crypto's most notorious exchange failures.
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Read Original →via CoinTelegraph
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