Decrypt - Fenbushi Founder Bo Shen Loses $42M in Stablecoins, Bitcoin, Ethereum to Hackers

in blockchain •  2 years ago 

https://decrypt.co/115420/fenbushi-founder-bo-shen-loses-42m-stablecoins-bitcoin-ethereum-hackers
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According to an analysis by blockchain security firm SlowMist, hackers successfully compromised Shen's wallet seed phrase.

Shen's compromised address, shared by SlowMist, also contained Ethereum (ETH), Tron (TRX), and Bitcoin (BTC), and most of the funds were sent to the crypto exchange platform ChangeNOW.

According to Shen, most of the stolen funds were USDC stable coins worth $38 million and occurred on November 10.

Be super careful with your wallet seed phrase!!

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blockchain horror hack fenbushi usdc bitcoin ethereum seed-phrase
2 years ago by

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