12h ago
Mt. Gox-linked Bitcoin hard fork plan to move 79,956 BTC ends 17 hours after 27 February launch
On 27 February, former Mt. Gox CEO Mark Karpeles proposed a Bitcoin hard fork aiming to reroute 79,956 BTC from a dormant address tied to the 2011 hack to a recovery wallet managed by the exchange's trustee. The idea, inspired by Ethereum's 2016 DAO fork, was rejected within 17 hours as the community argued it would undermine Bitcoin's immutability and set a dangerous precedent. Bitcoin's price remained above $65K with a market cap of $1.33 trillion, reinforcing its position as the largest crypto asset.