Bo Shen, the founding partner of venture capital firm Fenbushi Capital, took to Twitter on Wednesday to share the news of hackers stealing as much as $42 million in crypto from his personal wallet. According to Shen, the theft occurred on November 10, with most of the stolen funds— $38 million—being the USDC stablecoin. He added that the stolen assets are personal funds and do not affect any entities related to Fenbushi. Shen, who lives in the Atlanta Metropolitan Area according to LinkedIn, went on to say the incident has been reported to the local law enforcement, with both the FBI and lawyers involved. “Civilization and justice will eventually prevail over barbarism and evil. This is the iron law of human society. It’s just a matter of time,” wrote Shen. While the Fenbushi chief didn’t reveal additional details of the incident, blockchain security firm SlowMist said its analysis showed that hackers managed to compromise Shen’s wallet seed phrase.
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