Issues with private keys are notorious for new participants and it's no different for VC.
on Nov. 23, Bo Shen, general partner of the Vitalik Buterin-advised venture capital fund Fenbushi Capital, claime that $42 million worth of funds were drained from his Trust Wallet on Nov. 10. Shen, who grew up in China but now lives in Atlanta, says that the funds were his personal assets and the exploit does not affect Fenbushi-related entities.
"The incident has been reported to the local law enforcement. FBI and lawyers both have been 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." Later today, blockchain analytics firm SlowMist confirmed the exploit and stated the reason for theft being"mnemonic words compromise." The firm also disclosed that a combination of addresses belonging to Shen was drained of 38,233,180 USD Coin , 1,607 Ether , 719,760 Tether , and 4.13 Bitcoin . The stolen funds were later deposited to exchanges ChangeNow and SideShift.'s Trust Wallet is the official version and not a fake wallet.
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