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Crypto IDR 658 billion disappeared (again) from wallets…

Crypto IDR 658 billion disappeared (again) from wallets...

Leading Chinese venture investor Bo Shen said the wallet crypto his private account was hacked on November 10, 2022, resulting in the loss of US$42 million worth of crypto assets. This is the second time it has been hacked.

Reported from Decipherthe unfortunate event was reported by the founding partner of the venture capital company Fenbushi Capital via Twitter, on Wednesday (November 23, 2022).

“US$42 million in crypto assets, including US$38 million in USDC, was stolen from my personal wallet ending in 894 in the early hours of November 10,” Shen said.

According to Shen, most of the stolen funds—about US$38 million—were stable coins USDC.


In the data on the chain from Shen’s wallet showing the rest of the stolen property sign Tether (USDT), Uniswap (UNI), Reputation (REP) and Liquidity (LQTY).

Shen’s own party complained of adultery to the police in Atlanta, United States.

“Adab and justice will eventually prevail over barbarism and crime. It’s only a matter of time,” Shen threatened.

hacker Hacking wallet passwords

Blockchain security company SlowMist presented its case study to hack wallet belongs to Shen.

In the pursuit of the company, hacking is suspected private key Shen crypto wallet, after hacker get the necessary password to access that crypto wallet.

SlowMist also shared the affected Shen wallet addresses for Ethereum (ETH), Tron (TRX) and Bitcoin (BTC), with most of the funds from that address being sent to crypto exchange Change NOW.

“We ask the hackers to return the cryptocurrency as soon as possible,” said SlowMist.

This is not the first time that Shen has become a victim of hacking. In 2016, hackers used social engineering techniques to gain access to mobile phones and e-mail Shen.

Using this approach, the hacker then recovered around US$300,000 in Augur (REP), including ETH (details withheld) from Shen’s wallet.

Hacking is “all prevalent” in the crypto world. In 2022 alone, various similar thefts occurred that cost users up to billions of dollars.

In 2022 Chainalysis mentioncrime related to Bitcoin Cs fell sharply during 2020. However, the anonymous nature of the asset remains interesting to criminals. [ab]

Bitcoin Evolution


Bitcoin Evolution

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