Cryptocurrency
Hackers steal $42M from Fenbushi Capital founder’s wallet – Crypto News
General partner at Fenbushi capital Bo Shen tweeted on Nov. 23 that malicious players stole $42 million from his personal wallet on Nov. 10.
A total of 42M worth of crypto assets, including 38M in USDC were stolen from my personal wallet ending in 894 in the early morning of November 10 EST.
The stolen assets are personal funds and do not affect Fenbushi related entities.
— Bo Shen (@boshen1011) October 23, 2022
Shen revealed that most of the stolen crypto was $38 million in usdc, Several blockchain security firms revealed that the other stolen assets included Tether (usdt), Bitcoin (BTC), and Ethereum (ETH,
Shen reiterated that the stolen assets were his “personal funds” and had no effect on Fenbushi or related entities.
Blockchain security firm Beosin confirmed the incident. According to the firm, the hack was caused by a private key compromise.
Another blockchain security firm SlowMist said Shen’s Trust Wallet was compromised. SlowMist added that it verified that the wallet was the official version.
3/
-> 4.13 $BTC +100,000 $USDT were deposited to @ChangeNOW_io
-> 152,673.3397 USDT was deposited to @ChangeNOW_io
-> 200 DAI + 386,126 USDT were deposited to @sideshiftai pic.twitter.com/HUy0rPYM1i— SlowMist (@SlowMist_Team) October 23, 2022
SlowMist noted that some of the stolen funds had been deposited to ChangeNow.
Shen has reported the hack to law enforcement agencies. He said both the FBI and his lawyers were already involved.
“Civilization and justice will eventually prevail over barbarism and evil. This is the iron law of human society. It’s just a matter of time.”
Shen hopes his case teaches security protection.
The founder of the Asia-based blockchain-focused venture capital said he hopes his case will teach new and old users to do a “good job in security management.”
Security protection: global digitization is a big trend, early industry chaos, with those who need to: embezzle user funds, steal coins, zero tolerance for scams. Healthy development driven by blockchain technology requires pure land in the long sky. As a member Veterans, open their stolen events, want new veteran users to do good security management.
— Bo Shen (@boshen1011) October 23, 2022
According to Shen, one of the early industry issues that must be dealt with included “misappropriating user funds, stealing coins, and zero tolerance for fraudulent account theft.”
He added that the hack would not dissuade him from supporting the blockchain industry.
My heart is unchanging, as ever supporting blockchain technology-driven decentralization, protocol-level entrepreneurship and innovation, and application-level innovation and regulation. Unshakable participation in creating social value, contributing to the long-term health of the industry.
— Bo Shen (@boshen1011) October 23, 2022
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