<p><span style="font-weight: 400;">Bo Shen, founding partner at Fenbushi capital, said his private crypto wallet was hacked in an incident on Nov. 10, which resulted in a $42 million loss of various crypto assets. </span></p> <p><span style="font-weight: 400;">The majority of the tokens, some $38 million, was taken in the stablecoin USDC. The rest of the stolen assets included tether (USDT), uniswap (UNI), reputation (REP), and liquity (LQTY) tokens, </span><a href="https://etherscan.io/address/0x6be85603322df6dc66163ef5f82a9c6ffbc5e894#tokentxns"><span style="font-weight: 400;">on-chain data</span></a><span style="font-weight: 400;"> from the wallet shows.</span></p> <p><span style="font-weight: 400;">“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,” Shen <a href="https://twitter.com/boshen1011/status/1595265219898789888">said</a> in a tweet.</span></p> <p><span style="font-weight: 400;">Shen said he reported the exploit to relevant law enforcement agencies. He clarified the stolen assets were personal funds and were separate from Fenbushi and its related entities. </span></p> <p><span style="font-weight: 400;">Blockchain security firm Beosin</span> <a href="https://twitter.com/BeosinAlert/status/1595300056156213248"><span style="font-weight: 400;">confirmed</span></a><span style="font-weight: 400;"> the exploit happened, explaining it likely resulted from a "private key compromise." The hacker, after gaining illegitimate access to the wallet, drained all of its assets to two Ethereum addresses under their control, Beosin added. </span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>