VC Founder Offers Up to 20% Bounty to Recover $42M Crypto

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Bo Shen, co-founder of Fenbushi Capital, is offering a bounty of up to 20% to anyone who helps recover roughly $42 million in crypto stolen from his personal wallet in a 2022 hack. The case, which involved a compromised seed phrase, is being revisited after new investigative leads and improved tracing methods emerged. So far, about $1.2 million in related assets has already been frozen by blockchain investigators.

The move highlights how recovery efforts in crypto are evolving. What once seemed nearly impossible is now being revisited with better tools and coordination. While the outcome remains uncertain, this case could become a major example of how persistence—and incentives—are being used to fight back against large-scale crypto theft.

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improved tracking tools and coordination suggest that stolen funds are becoming harder to move, though recovery remains conditional and case-specific