April 16 (Cointime) - Fenbushi Capital's founding partner and angel investor for Liquidity Protocol, Bo Shen, has refuted recent claims from Lookonchain about his involvement in the sale of 557,140 LQTY tokens for 613 ETH. 

Earlier, Cointime reported that Bo Shen had exchanged the LQTY tokens, valued at approximately $1.35 million at the peak of $2.42 per token. The LQTY price has since dropped by 5% to as low as $2.3 per token after the sale. As an angel investor for Liquidity Protocol, the issuer of LQTY, Shen has held the tokens since their unlock in July 2022 until the recent trade. 

Shen has clarified that the transactions from the stolen wallet were not conducted by him and expressed his long-term confidence in LQTY, continuously supporting the Liquidity Pool without selling any of his holdings.

Bo Shen is appealing to the community to help find leads on the hacker and is offering a reward for any valuable information.