Mt. Gox Ex-CEO Proposes Bitcoin Rule Rewrite to Recover $5B in Stolen Funds
Mt. Gox Ex-CEO Proposes Bitcoin Rule Rewrite to Recover $5B in Stolen Funds
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The former CEO of the defunct Mt. Gox exchange, Mark Karpeles, is advocating for a controversial rewrite of Bitcoin's underlying rules. This proposal aims to facilitate the recovery of approximately $5 billion worth of Bitcoin that was stolen when the exchange collapsed in 2014, impacting thousands of users who have been awaiting restitution for over a decade.
Mt. Gox Ex-CEO Wants Bitcoin’s Rules Rewritten To Claw Back $5B In Stolen Coins
Twelve years is a long time to wait. For thousands of people who lost their Bitcoin when the Mt. Gox exchange collapsed in 2014, the wait has stretched on with little hope of getting everything back. Related Reading: Crypto Policy Turning Point: Blockchain Devs Could Gain Legal Shield Now, the man who ran the exchange […]