Bo Shen lost around $42 million in a hack of his wallet in 2022
Co-founder of VC firm Fenbushi Capital, Bo Shen, is renewing efforts to recover millions in stolen cryptocurrency by offering a financial reward to those who can help track it down. The funds were taken from his personal wallet during a 2022 security breach, and the case has remained unresolved since then.
2022年11月，个人钱包被盗，损失约4200万美元。
三年来，追踪工作从未停止。团队陆续掌握了更多关键线索和证据，相关资产的流转路径也变得越来越清晰。…
— Bo Shen (@boshen1011) March 26, 2026
Shen is now proposing a bounty of 10% to 20% of any recovered assets. The offer applies to individuals or groups who play a meaningful role in locating and securing the missing funds. He said rewards would be distributed once recovery efforts are completed.
The stolen assets were tied to a hack that drained roughly $42 million in digital currencies. At the time, Shen clarified that the loss did not impact operations at Fenbushi Capital, as the wallet involved was personal rather than connected to the firm.
Early investigations linked the breach to a compromised seed phrase, which allowed attackers to access and move funds. The stolen crypto was later traced through various platforms, making recovery more complex. Despite these challenges, some progress has already been made.
Blockchain investigators, including ZachXBT, have helped freeze a portion of the assets. While only a small percentage has been secured so far, Shen believes new tools could improve the chances of further recovery.
Advancements in tracking technology have changed the landscape since the hack occurred. Improved analytics and artificial intelligence tools now allow investigators to follow transactions across multiple networks more effectively than before.
Even with these developments, the outcome remains uncertain. Shen’s renewed push highlights both the risks tied to digital assets and the growing role of technology in addressing complex crypto-related incidents.
