On Wednesday, Bo Shen, a founding partner of the venture capital firm Fenbushi Capital, shared on Twitter the information that hackers may have stolen up to $42 million in cryptocurrency from his personal wallet.
Shen claims that the theft took place on November 10 and that the USDC stablecoin made up the majority of the $38 million in stolen money.
The stolen property, he continued, is personal money, and it has no bearing on any organizations connected to Fenbushi.
A total of 42M worth of crypto assets, including 38M in USDC were stolen from my personal wallet ending in 894 in the early morning of November 10 EST.
The stolen assets are personal funds and do not affect on Fenbushi related entities.
— Bo Shen (@boshen1011) November 23, 2022
According to LinkedIn, Shen resides in the Atlanta Metropolitan Area. She went on to say that the incident has been reported to the local police, and that the FBI and attorneys are also 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” Shen wrote.
Compiled by Coinbold