Bo Shen Seeks Community Help to Recover $42M Stolen in 2022 Wallet Hack

Bo Shen, co-founder of Fenbushi Capital, has initiated a new campaign to recover approximately $42 million in digital assets stolen from his personal wallet in a November 2022 hack. The incident occurred when a private key compromise allowed an attacker to transfer all funds to two Ethereum addresses.

The recovery effort has now been reactivated after nearly three years of tracking the stolen funds, which have moved across the blockchain. Shen's team is working with security experts and other teams to identify and freeze related assets. A bounty program offers a reward of up to 20% of any recovered funds to individuals or organizations that provide useful information or technical support.

The initiative aims to mobilize the broader crypto community in tracing and recovering the stolen assets. Shen's statement emphasizes the importance of collaboration and persistence in overcoming seemingly impossible tasks.