Bo Shen Offers Up To 20% Profit To Return $42M Stolen In 2022 Wallet Hack

After three years, Bo Shen opened a hunting ground, inviting anyone to help trace the stolen funds.

Bo Shen, the founder of Fenbushi Capital, has renewed efforts to recover the estimated $42 million worth of digital assets stolen from his personal wallet in the November 2022 hack. This time, he is using a public appeal to rally the broader crypto community.

At the time, blockchain security company Beosin confirmed the incident and said the breach was likely caused by compromising a private key, which allowed an attacker to control the wallet and transfer all funds to two Ethereum addresses.

Unlock the missing Crypto Bounty

In a detailed statement to X, Shen revealed that continuous tracing over almost three years has led to a clear understanding of how the stolen funds moved throughout the blockchain, as investigators gradually piece together critical evidence. Building on this progress, he announced a 10%-20% profit plan of any funds successfully returned to individuals or organizations that make meaningful contributions to the restoration effort, regardless of their background or organization.

Shen said tools such as AI-driven data analysis and advanced on-chain forensics are emerging rapidly, enabling a level of traceability and communication that was previously difficult to achieve. Interestingly, the famous on-chain investigator ZachXBT and security expert Taylor Monahan have already been involved in the freezing of related crypto assets worth approximately $1.2 million.

The manager of Fenbushi said that his team is working to recover those funds and will distribute the rewards after the completion of the recovery process. He also thanked the help from other security teams including SlowMist and the people who quickly responded to the incident. The benefit is open to anyone regardless of background, as long as they provide useful information or technical support that leads to the recovery of the asset.

“One person’s power is ultimately limited, but the cooperation and persistence of the community can gradually make many things that seemed impossible a reality. Indeed, because of this, we are even more confident that good will prevail over evil. Under new technological conditions, many things that once seemed difficult are gradually becoming more and more possible to develop and solve.”

Target Private Keys

Nominis recently reported that private key theft is becoming a central attack vector in crypto breaches. The February exploit targeting Step Finance was traced to compromised devices used by its team, which may have resulted in leaked keys or unauthorized access permissions.

After this, the attackers withdrew more than 261,000 SOL from wallets controlled by the project, as the loss reached $40 million.

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