The post Shiba Inu Unveils SOU Recovery System for Shibarium Hack Victims appeared on BitcoinEthereumNews.com.

Shiba Inu developer Kaal Dhairya has outlined a comprehensive recovery plan for users affected by the September Shibarium hack. The initiative introduces “Shib Owes You” (SOU), a dual-layer system designed to reimburse victims through blockchain-verified claims and community-driven fundraising mechanisms. The announcement came through Dhairya’s year-end letter, which detailed how the cryptocurrency project plans to address losses from the Plasma Bridge exploit. The recovery framework combines official NFT-based accounting with community-powered liquidity generation across multiple blockchain networks. NFT-Based Claims on Ethereum Blockchain The SOU system operates through NFTs minted on the Ethereum blockchain. Each affected user receives an SOU NFT that serves as cryptographic proof of their claim against the Shiba Inu ecosystem. These tokens function as permanent, verifiable records rather than traditional database entries. The NFTs track principal amounts owed to individual users. The recorded debt decreases as payouts occur or community donations arrive. Users can verify their original claim amount, track received payments, and monitor outstanding balances through the blockchain. The system allows NFT holders to merge, split, or transfer their claims as needed. Shiba Inu team member Lucie provided additional clarity on the system’s structure. The official layer consists of SOU NFTs on Ethereum, representing the team’s formal accounting mechanism. These tokens document losses from the Plasma Bridge exploit with complete transparency and auditability. The NFTs maintain dynamic records that specify exact amounts owed to each holder. Lucie emphasized that these Ethereum-based tokens function purely as accounting instruments. They do not generate funds but instead track the ecosystem’s debt obligations to affected users. The second component operates on the Binance Smart Chain (BSC). This community-powered layer focuses on generating liquidity and transaction fees to support the recovery effort. Woofswap currently stands as the first project committed to this initiative. The BSC implementation differs fundamentally from the Ethereum…

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Filed under: News - @ January 11, 2026 3:29 pm