The Shiba Inu team recently announced an official compensation plan called “Shib Owes You” (SOU), aimed at resolving unresolved user losses from the previous Plasma Bridge hack incident. The scheme converts victims’ claims into traceable and transferable NFTs through on-chain mechanisms, providing an institutionalized solution pathway for long-standing unresolved compensation.
According to the project founder Kaal Dhairya in his year-end open letter, SOU plans to upgrade the originally scattered and informal compensation commitments into a formal process executed by smart contracts. Affected users will receive NFTs deployed on the Ethereum blockchain, with each NFT representing the outstanding principal amount of a wallet. All data will be stored both on-chain and in private databases to ensure transparency and auditability.
SOU NFTs are transferable. Users unwilling to wait for full compensation can sell their claim tokens on supported marketplaces to realize part of their rights early. Users with multiple affected wallets can consolidate multiple claims into a single NFT for unified management; those holding large claims can also choose to split the NFT, selling only part of the claim while retaining the rest.
Regarding funding sources, the Shiba Inu team has introduced a stricter ecosystem revenue distribution mechanism. All projects using the Shiba Inu brand will be required to allocate part of their income into the SOU fund pool for ongoing victim compensation. This requirement also applies to partner platforms and related content channels. Meanwhile, the team will suspend or shut down projects that cannot generate stable cash flow to focus resources on compensation efforts.
Security is also a key focus of this plan. The SOU-related smart contracts have been audited by security firm Hexens, covering critical functions such as NFT minting, transfer, splitting, and merging. The official team also reminds users that a formal operational interface has not yet been launched, and warns to beware of third-party websites claiming early participation opportunities to avoid secondary risks.
Additionally, the team confirms that the Plasma Bridge has resumed operation and has introduced several new security measures, including a seven-day withdrawal delay and migrating core contracts to hardware custody systems. Dhairya emphasizes that all compensation will be executed on-chain without relying on any off-chain promises, aiming to rebuild community trust through verifiable means.
Overall, the “Shib Owes You” plan provides a replicable on-chain solution for compensation after DeFi hack incidents and could serve as an important reference for future crypto projects handling historical risks.
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