Former CEO of Mt. Gox has sparked controversy after proposing a rewrite of Bitcoin’s code to recover nearly $5 billion in stolen funds.

The suggestion aimed to modify Bitcoin’s protocol in an attempt to restore assets lost during past hacks. However, the idea was swiftly shut down by the crypto community, with developers and industry leaders arguing that altering Bitcoin’s code to reverse transactions would undermine its core principle of immutability and decentralization.

Critics emphasized that Bitcoin’s strength lies in its trustless, censorship-resistant design — and rewriting its history could set a dangerous precedent for the entire ecosystem.

The proposal was quickly dismissed, reaffirming that Bitcoin’s code remains resistant to centralized intervention.$BTC #USIsraelStrikeIran #AnthropicUSGovClash #BlockAILayoffs #JaneStreet10AMDump #MarketRebound