Bo Shen has renewed efforts to recover approximately 42 million dollars in digital assets stolen from his personal wallet during a hack in November 2022. Nearly three years later, he is calling on the wider crypto community to assist in tracing and recovering the funds.
At the time of the incident, Beosin confirmed the breach and indicated that it was likely caused by a compromised private key, which allowed the attacker to take control of the wallet and move all assets to two Ethereum addresses.
Open Reward for Recovery
In a detailed post on X, Shen explained that ongoing tracking efforts over the past few years have provided clearer insight into how the stolen assets moved across the blockchain. Investigators have gradually uncovered key pieces of evidence, enabling a more coordinated recovery attempt.
Based on this progress, he announced a reward ranging from 10 percent to 20 percent of any successfully recovered funds. The offer is open to individuals and organizations that make meaningful contributions, regardless of their background.
Shen noted that advancements in artificial intelligence and on chain forensic tools have significantly improved the ability to trace stolen assets. He also highlighted that well known blockchain investigator ZachXBT and security expert Taylor Monahan have already helped freeze about 1.2 million dollars in related crypto assets.
The Fenbushi executive added that his team is working to recover these frozen funds and will distribute rewards once the process is completed. He also expressed appreciation for contributions from security firms such as SlowMist and other individuals who responded quickly after the hack. The bounty remains open to anyone who can provide useful information or technical assistance that leads to recovery.
Shen emphasized that while individual efforts may be limited, collective action and persistence within the community can achieve outcomes that once seemed impossible, especially with the help of evolving technology.
Growing Threat of Private Key Attacks
A recent report by Nominis pointed out that private key theft is becoming a major method used in crypto related attacks. One example involved a February breach targeting Step Finance, which was linked to compromised devices used by its team. This may have resulted in leaked keys or unauthorized access approvals.
Following the incident, attackers withdrew more than 261,000 SOL from project controlled wallets, with total losses reaching as much as 40 million dollars.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
