Bo Shen, co-founder of venture capital firm Fenbushi Capital, has offered a reward for assistance in recovering $42 million stolen from his personal wallet in 2022.
In November 2022, my personal wallet was hacked, resulting in a loss of approximately $42 million.
— Bo Shen (@boshen1011) March 26, 2026
For three years, the tracking efforts have never ceased. The team has gradually gathered more key clues and evidence, and the flow of the related assets has become increasingly clear. …
The investor is willing to pay between 10% and 20% of the recovered amount immediately after the successful transfer of funds.
Renowned specialists ZachXBT and Taylor Monahan have already joined the investigation, successfully freezing a portion of the stolen assets worth $1.2 million.
Details of the Incident and New Search Technologies
The hack occurred in November 2022. The lost funds belonged personally to Shen and did not affect the capital of Fenbushi's funds. Experts from SlowMist determined that the theft was due to the compromise of the seed phrase.
The attackers withdrew $38.2 million in USDC, 1,607 ETH, 720,000 USDT, and 4.13 BTC. They later funneled the coins through exchange platforms, including ChangeNow and SideShift.
Shen resumed the search after new leads emerged. He emphasized that advancements in artificial intelligence and modern on-chain analytics tools provide experts with greater capabilities for tracking transaction chains.
The investor views this case as a good test of the effectiveness of new investigative technologies, although the full recovery of funds remains uncertain.
It is worth noting that in June 2025, Mehdi Farouk, an investment partner at venture firm Hypersphere, fell victim to a phishing attack via a fake Zoom call.