Bo Shen Loses $42M in Stablecoins, Bitcoin, Ethereum to Hackers

Created By Fintech Team

Bo Shen, a Chinese investor revealed he lost $42 million worth of crypto 

Bo Shen took twitter and shared the news of hackers who hacked the crypto from his personal wallet 

The individual is a notable investor and the founding partner of venture capital firm Fenbushi Capital.

According to Shen, the theft incident happened on November 10,

The USDC stablecoin made up the majority of the stolen funds, or about $38 million. 

The FBI and attorneys have both been notified about the incident, which has been reported to local law enforcement.

A blockchain security firm named SlowMist claims that Shen's wallet seed phrase was compromised by hackers.

The impacted Shen addresses for Ethereum (ETH), Tron (TRX), and Bitcoin were also provided by SlowMist (BTC)

SlowMist continued, "We are pleading with the hackers to return the money immediately.