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Former Mt. Gox CEO proposed a rewrite of bitcoin's code to recover $5 billion in stolen funds. Gets quickly shutdown

CoinDesk|Shaurya Malwa|February 28, 2026 at 02:51 PM|1 views

🤖AI Summary

Former Mt. Gox CEO Mark Karpelès submitted a controversial pull request to Bitcoin Core proposing to redirect untouched coins from 2011 to a recovery address controlled by the Mt. Gox trustee. The proposal was quickly rejected, reigniting fundamental debates about Bitcoin's immutability and governance.

Key Takeaways

→Mark Karpelès proposed modifying Bitcoin's code to recover $5 billion in stolen Mt. Gox funds through a pull request to Bitcoin Core.
→The proposal would redirect coins untouched since 2011 to a recovery address controlled by the Mt. Gox trustee.
→The Bitcoin community quickly rejected the proposal, maintaining Bitcoin's principle of immutability.
→The incident highlights ongoing tensions between individual recovery needs and Bitcoin's foundational principles.
→This represents one of the most direct attempts to alter Bitcoin's blockchain for fund recovery purposes.

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