- Shiba Inu moves the hack recovery process on-chain by converting verified losses into tradable Ethereum-based NFT.
- SOU repayment model centralizes ecosystem revenues, sunsetting non-performing projects to fund user restitution.
- The audited system remains inactive as SHIB price slips ~4% amid ongoing market volatility and elevated volume.
Shiba Inu has announced a new financial restructuring initiative aimed at compensating users affected by a security exploit earlier this year, marking a shift toward a formal, blockchain-based recovery process. The plan, titled “Shib Owes You” (SOU), converts verified user losses into tokenized debt instruments issued as non-fungible tokens on the Ethereum blockchain.
According to disclosures shared by Shiba Inu’s development team, the SOU system will issue NFTs that represent the exact value owed to each affected user. These tokens are intended to function as cryptographic records rather than static database entries, allowing claims to be verified directly on-chain.
Tokenized Claims and Repayment Mechanics
Under the SOU framework, each NFT records the principal amount owed to a user and updates automatically as repayments are made. As funds are allocated to restitution, the balance associated with each token decreases in real time. The NFTs are also set to be transferable, providing holders with flexibility in managing their claims.
Users will be able to sell their tokens on supported marketplaces if they seek liquidity before the full repayment period. The structure also allows claimants to merge multiple tokens linked to different wallets or split a single token to liquidate a claim partially. The system is not yet live, and no minting or repayment activity has begun.
Funding Model and Operational Changes
To finance repayments, Shiba Inu plans to centralize revenue flows across its ecosystem. All projects operating under the Shiba Inu brand will be required to contribute earnings to a specific repayment pool. Initiatives that fail to generate revenue are expected to be paused or discontinued, a process described by the team as “sunsetting.”
In addition, future licensing and intellectual property agreements are expected to direct proceeds toward the restitution fund. The stated priority of the restructuring is to address user liabilities before allocating capital to new development efforts.
Security Review and Current Status
The smart contract infrastructure supporting the SOU system has undergone an audit by Hexens, covering functions such as token minting, balance updates, and transfer logic. Despite the completed review, the platform remains inactive, and users have been warned to avoid unofficial portals or repayment interfaces.
The announcement coincided with a continued short-term decline in Shiba Inu’s market price. At the time of reporting, SHIB was trading at $0.000007160, down approximately 4.2% over the past 24 hours, while trading volume rose to around $86.47 million, reflecting continued market activity during the price drop.
Related: Shiba Inu Risks Grow as Leadership Wavers and Price Awaits Breakout
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Source: https://coinedition.com/shiba-inu-introduces-on-chain-debt-system-to-address-hack-losses/
