- Fenbushi Capital co-founder Bo Shen remains hopeful of recovering the cryptocurrencies stolen from him in 2022. Bitcoin, Ethereum, USDT and USDS.
- He said law enforcement had sorted out the situation, so he offered a 10-20% reward to anyone who could expedite the return process.
Bo Shen, co-founder of venture capital firm Fenbushi Capital, has offered a reward for the return of nearly $42 million in digital assets. The funds were stolen from his personal crypto wallet in a hack in 2022.
Shen wrote, that he is ready to pay 10-20% of the recovered amount to any individual or organization that “makes a significant contribution to the return of assets.” He clarified that investigators Zach XBT and Taylor “Tayvano” Monahan have already helped freeze about $1,2 million worth of cryptocurrency. He said his team will distribute the rewards once the recovery is complete.
Shen reported the theft of $42 million in assets from his personal crypto wallet in November 2022. He then claimed that the stolen funds were his own and unrelated to companies associated with Fenbushi. Cybersecurity experts later clarified that the theft occurred due to a compromise of his passphrase.
It is known that among the stolen assets were approximately $38,2 million in USDC stablecoins, 1,607 Ethereum, nearly 720,000 USDT and 413 bitcoins. After the hack, these funds were withdrawn to exchanges, including ChangeNow and SideShift.
Shen explained that the reopening of the investigation was due to investigators having new leads and a clearer picture of how the stolen assets were moved, although the chances of their recovery remain questionable.
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