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

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

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enTechShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailFormer Mt. Gox CEO proposed a rewrite of bitcoin's code to recover $5 billion in stolen funds. Gets quickly shutdownMark 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.By Shaurya Malwa|Edited by Aoyon Ashraf Feb 28, 2026, 2:51 p.m. Make us preferred on GoogleWhat to know: Mark Karpelès, the former Mt. Gox chief executive, has proposed a Bitcoin Core change that would let nearly 80,000 BTC taken from the exchange in 2011 be spent to a Mt. Gox recovery address.The patch, under 50 lines of code, would hard-code an exception so that signatures from a designated recovery key could ove

Source: https://www.coindesk.com/tech/2026/02/28/former-mt-gox-ceo-proposed-a-rewrite-of-bitcoin-s-code-to-recover-usd5-billion-in-stolen-funds-gets-quickly-shutdown