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Fenbushi Co-Founder Offers Bounty for $42 Million Lost in 2022 Hack


Fenbushi Co-Founder Offers Bounty for $42 Million Lost in 2022 Hack

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Bo Shen (Fenbushi co-founder) is offering a 10–20% bounty to recover roughly $42M stolen from his personal wallet in Nov 2022 after a seed-phrase compromise. Stolen assets reportedly include ~$38.2M USDC, 1,600+ ETH and ~720,000 USDT; on-chain sleuths like ZachXBT have helped freeze about $1.2M. The case highlights crypto wallet security risks and reliance on on-chain tracking and bounty-led recovery rather than CEX/legal channels.

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  • Fenbushi Capital co-founder Bo Shen is offering a 10-20% bounty for a hack from 2022.
  • Shen has emphasized that the stolen money was personal and not part of Fenbushi.
  • On-chain sleuths like ZachXBT have helped freeze about $1.2 million of the stolen funds.

Fenbushi Capital co-founder Bo Shen is bringing back a long-cold crypto hack case, offering a 10-20% bounty to get back the roughly $42 million stolen from his personal wallet back in 2022. He made this announcement on X, inviting users to contact him if they have any valuable information.

The original exploit dates back to November 2022, when attackers got hold of Shen’s wallet by compromising his seed phrase, which is basically the master key to a crypto wallet. Once inside, the attacker cleaned out a mix of his assets, including around $38.2 million in USDC, over 1,600 ETH, about 720,000 USDT, plus a small am…

Read The Full Article Fenbushi Co-Founder Offers Bounty for $42 Million Lost in 2022 Hack On Coin Edition.

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In This News

Coins

$ 1.82K

+1.67%

$ 0.99930

+0.01%

$ 0.99981

+0.01%

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