Fenbushi founder Bo Shen reopens 2022 $42M hack, offers 10–20% bounty to recover stolen crypto

Bo Shen, the founder of Asia-based venture firm Fenbushi Capital, publicly reopened the 2022 case surrounding about $42 million removed from his wallet and announced a bounty for asset recovery. Shen said any individual or organisation that makes a substantive contribution to asset recovery will receive 10%–20% of the total recovered assets ^{[1] [2]}.

Media reports describe the program as an $8 million reward initiative (reflecting the upper end of the 20% offer) and note the bounty range corresponds to roughly $4.2 million–$8.4 million (10%–20% of $42 million). Investigators have reportedly already secured about $1.2 million of the stolen funds ^{[3] [4]}.

Coverage says the stolen holdings included multiple tokens — including USDC, ETH, BTC and USDt — and that Shen’s offer is open regardless of the contributor’s identity, background or method, with eligible parties to receive the stated percentage of recovered assets ^{[4] [2]}.

The case remains active as Shen’s bounty and ongoing forensic and investigative work aim to recover the remaining assets ^{[1] [4]}.