Fenbushi Capital co-founder Bo Shen has offered a bounty of up to 20% to recover $42 million in crypto stolen from his personal wallet in a 2022 hack.
Shen said investigators have already helped freeze about $1.2 million in assets linked to the breach, with rewards to be distributed upon successful recovery.
The hack was traced to a compromised seed phrase, allowing attackers to drain assets including USDC, Ether, USDt and Bitcoin from the wallet.
The stolen funds were later moved through platforms such as ChangeNow and SideShift, complicating recovery efforts across multiple chains and services.
Shen said renewed efforts are being driven by new leads and improved visibility into how the funds moved, though he cautioned that recovery remains uncertain.
He added that advances in AI-driven analytics and onchain forensics have significantly improved investigators’ ability to trace transactions compared with 2022.
The case is now being viewed as a test of how modern blockchain analysis tools and coordination can support long-running crypto asset recovery efforts.
At the time of reporting, Ethereum price was $2,061.67.