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

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

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

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

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

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

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

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

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

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

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