Bo Shen, co-founder of Fenbushi Capital, has launched a public bounty to recover roughly $42 million stolen from his personal wallet in 2022. He announced a reward of 10-20% of recovered funds for information leading to asset recovery, noting investigators like ZachXBT have already helped freeze approximately $1.2 million.
Bo Shen is offering a public bounty to recover digital assets stolen in a November 2022 hack of his personal wallet. The total value of the stolen funds is approximately $42 million.
He revealed a bounty program of 10% to 20% of any successfully recovered assets. This reward is open to anyone providing useful information or technical support.
Blockchain security firm Beosin confirmed the 2022 breach likely resulted from a private key compromise. The attacker transferred all funds to two Ethereum addresses.
Shen stated that nearly three years of tracking has provided clearer insights into the fund movements. He credited evolving tools like AI-driven data analysis for enabling better tracing.
On-chain investigator ZachXBT and security expert Taylor Monahan have already assisted by freezing $1.2 million in related assets. Shen’s team is working to recover those specific funds and will distribute rewards afterwards.
He also acknowledged assistance from other security teams, including SlowMist. Shen expressed belief in community collaboration, stating, “The power of one person is ultimately limited, but the collaboration and persistence of the community can slowly turn many things that once seemed impossible into reality.”
Private key theft is becoming a central attack vector for crypto breaches. A separate February exploit targeting Step Finance, which led to losses up to $40 million, was also traced to likely compromised devices.
