Bo Shen, co-founder of Fenbushi Capital, is offering a bounty of 10% to 20% on approximately $42 million in digital assets that were stolen from his personal wallet during a hack in 2022. This initiative was announced on Thursday as investigators have recently developed new leads that could aid in recovering the lost funds.
Shen revealed that blockchain analytics firms, including ZachXBT and Taylor “Tayvano” Monahan, have already been instrumental in freezing around $1.2 million of related assets. The stolen assets comprised about $38.2 million in USDC, 1,607 Ether (ETH), nearly 720,000 USDt (USDT), and 4.13 Bitcoin (BTC), which were subsequently moved through various exchanges like ChangeNow and SideShift.
The case, initially disclosed in November 2022, has seen renewed efforts due to advancements in onchain tracing tools, which were less effective at the time of the theft. Shen emphasized how these technological improvements, particularly in artificial intelligence-driven analysis, have bolstered the investigation's ability to track asset flows and patterns.