You can cut, welded or bend; but the bolt must be kept for get tooo hot. There are ways to heat srink or strech a bolt if it is damaged but it's so much easier to avoid it.
I cut mine off flush with the bolt, and gave it a 1/2 turn. I'd like a little more flair on the handle but it fits in the scabbard easier like this.

I cut mine off flush with the bolt, and gave it a 1/2 turn. I'd like a little more flair on the handle but it fits in the scabbard easier like this.

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