Heavy! Fenbushi Capital founder offers reward to recover US$42 million in stolen assets

The co-founder of Fenbushi Capital recently publicly offered a reward, calling on all parties to help recover the US$42 million in assets he lost due to the leakage of the wallet mnemonic phrase in 2022. Investigators have successfully frozen approximately US$1.2 million in stolen funds and are continuing to track the flow of remaining assets.

This incident shocked the industry because it once again sounded the alarm to all individuals and institutions holding large amounts of assets - the security of private keys and mnemonic phrases is a lifeline, and a single oversight may cause huge irreparable losses. Even top investment institutions are not immune, which shows that the importance of safe storage is far beyond imagination.

For ordinary retail investors, the core lesson of this incident is: Be sure to use a hardware wallet to store your main assets and never store mnemonic phrases on Internet-connected devices. At the same time, diversifying assets into multiple reliable wallets can also effectively reduce the risk of "one pot". Asset security is no small matter, you have to take care of your own coins.

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This article was edited by CoinRebate AI, data source: CoinTelegraph