Shiba Inu Launches ‘Shib Owes You’ Framework for Hack Victims
- The ‘Shib Owes You’ (SOU) initiative aims to compensate users affected by the Plasma Bridge hack.
- Affected users will receive NFTs on the Ethereum blockchain, each representing the principal amount owed.
- Users can merge claims into a single SOU token or split larger claims for partial sales once the system is live.
- Funding for repayments will come from a portion of revenues generated by projects using the Shiba Inu name.
- Smart contracts governing SOU have been audited for security, ensuring on-chain execution of repayments.
This structured approach formalizes recovery efforts and enhances transparency through on-chain records and NFT issuance. The initiative also introduces stricter revenue controls to ensure funds are directed towards user restitution.
The SOU framework represents a significant step in addressing unresolved losses from the hack, with plans to distribute NFTs that document debts directly on-chain.(Source)
