Venture Firm Founder Offers Bounty to Help Recover $42 Million in Stolen Bitcoin, Crypto
Bo Shen, founder of Fenbushi Capital, is offering a bounty of 10–20% to anyone who helps recover part of the $42 million in crypto assets stolen from his personal wallet in November 2022. The stolen funds included $38 million in USDC, 1,607 Ethereum, about $720,000 in USDT, and 4.13 Bitcoin. Thus far, around $1.2 million has been frozen with help from on-chain analysts. Shen believes recent advances in AI, on-chain forensics, and cross-platform collaboration make further asset recovery increasingly possible. He emphasizes the effort is not only about retrieving the funds but also about leveraging modern investigative tools and engaging the crypto community. The theft reportedly occurred due to a compromised wallet seed phrase, and law enforcement, including the FBI, has been involved since the incident. Fenbushi Capital manages over $1.6 billion and invests in prominent crypto projects.
