Bo Shen is a co-founder and general partner at Fenbushi Capital, an Asia-based venture capital firm that specializes in investing in blockchain technology and cryptocurrency companies. He is also a co-founder of Invictus Innovations, the team behind BitShares. ^[1][2]

Education

Bo Shen's higher education started at the University of Shanghai for Science and Technology, where he completed his Bachelor's degree in Mathematics. After completing his Bachelor's degree, Shen pursued a Master's degree in System Engineering at the Georgia Institute of Technology, from 1991 to 1992. ^[3]

Career

Bo Shan began his professional journey at Raymond James Financial Inc., where he served as a Financial Consultant and Vice President of Investment from 1993 to 1998. During his five-year tenure at the company, Shen provided financial advisory services and played a role in investment decision-making. ^[4]

Following his time at Raymond James Financial Inc., Shen joined MCI Corporation, a prominent telecommunications company, in 1998. In his position as a Senior Internet Consultant, he contributed to strategic initiatives and provided guidance to clients on internet-related services and technologies for two years. ^[4]

In 2001, Shen transitioned to China East Asset Management Inc. as Assistant President. Over the course of three years, he focused on industrial research, mergers and acquisitions (M&A), and asset management, playing a role in the company's growth and success. ^[4]

From 2009 to December 2012, Shen held the position of Managing Partner at Confederated Asset Management, Ltd., located in Hong Kong. In this role, he oversaw securities and financial derivatives operations, contributing to the company's investment strategies and financial growth. ^[4]

In 2014, Shen assumed the role of CEO at DACx, a blockchain and cryptocurrency company based in Shanghai, China. As the CEO, he provided strategic direction and leadership, guiding the company's operations and driving its growth in the emerging blockchain industry for a period of one year and one month. ^[4]

Since October 2015, Bo Shen has served as the Founding and Managing Partner of Fenbushi Capital, a pioneering venture capital firm based in Shanghai, China. Fenbushi Capital exclusively invests in blockchain-enabled companies and aims to accelerate the future of the blockchain economy. Shen has supported numerous blockchain startups and fostering the development of transparent, efficient, and robust systems within the global economy. He firmly believes in the transformative power of blockchain technology and seeks to bring about positive change through strategic investments and partnerships. ^[4]

On March 13, 2019 Bo Shen was appointed as a strategic advisor of Hedera Hashgraph, a decentralized public ledger. Shen was appointed to this position shortly after Hedera's mainnet launched, as his vision and experience aligned with Hedera's growing momentum and its focus on the APAC region.

“Hedera Hashgraph is the next evolution of everything we’ve hoped distributed ledger technology could be. It delivers the speed, security, and reliability required for both enterprises and every day consumers to adopt and embrace decentralized business models.... I’m excited to help champion Hedera’s growth and adoption of the technology within the APAC region.” - Bo Shen

$42 Million Hack

On November 10, 2022, Bo Shen, announced on Twitter that he had lost approximately $42 million worth of cryptocurrency due to a theft from his personal wallet. The majority of the stolen funds, about $38 million, were in the form of the USDC stablecoin. Shen clarified that the stolen assets were his personal funds and did not impact any entities associated with Fenbushi. He reported the theft to local law enforcement, involving both the FBI and lawyers in the process.

The security firm SlowMist analyzed the incident and determined that the hackers were able to compromise Shen's wallet seed phrase. They stated that the Trust Wallet used by Shen had no security issues related to the theft. SlowMist also shared the affected addresses for Shen's Ethereum (ETH), Tron (TRX), and Bitcoin (BTC) holdings, with most of the funds being sent to the crypto swapping platform ChangeNOW. ^[5][6]

“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.”