• About
  • FAQ
  • Earn Bitcoin while Surfing the net
  • Buy & Sell Crypto on Paxful
Newsletter
Approx Foundation
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Approx Foundation
No Result
View All Result
Home Bitcoin

Shiba Inu SOU Recovery System Goes Live After Shibarium Hack

Moussa by Moussa
February 17, 2026
in Bitcoin
0
Shiba Inu SOU Recovery System Goes Live After Shibarium Hack
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Shiba Inu has put its long-trailed SOU recovery framework into production, opening claims for users affected by last year’s Shibarium bridge exploit and turning those claims into transferable, on-chain NFTs on Ethereum. The launch matters because it moves the project’s compensation effort from a promised structure into a live system with visible balances, payout mechanics, and a secondary-market option for anyone who wants liquidity now.

Related articles

Ethereum Holds $3,000 as Whales Accumulate: Key Resistance and Support Levels to Watch

Ethereum Price Outlook Turns Critical After Harvard’s Portfolio Shift From Bitcoin ETFs

February 17, 2026
DOGE Price Slips 3% Daily, Break Below $0.098 Could Trigger Further Dogecoin Downside

DOGE Price Slips 3% Daily, Break Below $0.098 Could Trigger Further Dogecoin Downside

February 17, 2026

The SOU concept itself isn’t new. In a year-end letter dated Dec. 29, 2025, Shibarium developer Kaal Dhairya introduced “SOU: Shib Owes You” while stressing it was “Not live yet, beware of scammers,” describing it as a system where “every affected user has an SOU NFT — an on-chain, verifiable record of exactly what the ecosystem owes them.”

Shiba Inu ‘Shib Owes You’ Goes Live

That warning is now being replaced by a go-live announcement. Via X, the official Shiba Inu account wrote:

“SOU is live. Introducing SOU (Shib Owes You) an onchain NFT built as a good-faith effort to support impacted users with payouts, donations, and occasional rewards. Transparent. Tradable. On-chain. You can transfer it, split it, merge it, or trade it on marketplaces. Claim your SOUs: https://shib.io/sou”

In Shib’s documentation, the system is framed as an attempt to make the recovery ledger public, auditable, and mechanically enforced rather than tracked in private databases. “SOU (Shib Owes You) is more than just a name; it is a commitment,” the docs say.“It represents the Shib ecosystem’s dedication to making users whole through a transparent, audited, and on-chain recovery system. Activity Notifications: The system provides a real-time activity feed, notifying the community whenever a new donation is received or a payout is distributed, ensuring complete visibility into the recovery progress.”

The mechanism hinges on two balances: “Original Principal,” the immutable historical record of what a user lost, and “Current Principal,” which declines as payouts are claimed or contributions flow in. The docs also draw a hard distinction between debt repayment and incentives. “Payout” reduces principal as compensation, while a “Reward” is additive and “No Change” to the owed balance, positioning rewards as bonuses on top of repayment rather than substitutes.

SOU is also designed to be a financial instrument, not just a receipt. Claims can be merged or split to manage position sizing, transferred between wallets, or sold on marketplaces, effectively enabling a market in discounted claims for users who don’t want to wait for recovery flows.

Shib’s docs also describe a funding model that routes ecosystem revenues and community donations into a common pool, with donations applied proportionally across affected claims, and optional creator fees on secondary sales directed back to payouts or rewards.

The backdrop is the September 2025 Shibarium bridge incident, where Shib’s own security update said “unauthorized validator signing power” was used to push a malicious exit through the PoS bridge, enabling withdrawals of multiple assets.

At press time, Shiba Inu traded at $0.00000656.

Shiba Inu price
Shiba Inu trades near historical lows, 1-week chart | Source: SHIBUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Share76Tweet47

Related Posts

Ethereum Holds $3,000 as Whales Accumulate: Key Resistance and Support Levels to Watch

Ethereum Price Outlook Turns Critical After Harvard’s Portfolio Shift From Bitcoin ETFs

by Moussa
February 17, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Institutional capital flows and weakening market momentum...

DOGE Price Slips 3% Daily, Break Below $0.098 Could Trigger Further Dogecoin Downside

DOGE Price Slips 3% Daily, Break Below $0.098 Could Trigger Further Dogecoin Downside

by Moussa
February 17, 2026
0

Dogecoin (DOGE) is currently testing investor confidence as the memecoin hovers near a key psychological level. After weeks of sideways...

Abu Dhabi’s Al Warda Raises Bitcoin ETF To 8.2M IBIT Shares

Abu Dhabi’s Al Warda Raises Bitcoin ETF To 8.2M IBIT Shares

by Moussa
February 17, 2026
0

Abu Dhabi-based Al Warda Investments continued to expand its exposure to bitcoin through BlackRock’s iShares Bitcoin Trust (IBIT) in the...

Senator Warren Calls on Bessent to Review $500M WLFI Deal Over Security Risks

Senator Warren Calls on Bessent to Review $500M WLFI Deal Over Security Risks

by Moussa
February 17, 2026
0

Two U.S. Senators have urged Treasury Secretary Scott Bessent to launch a national security review into a $500 million foreign...

How do Bitcoin mining pools typically handle payout frequency versus thresholds?

Names of the first and 2nd YEAR TEAM CREW EMPLOYED? WERE THERE Tran’s I contracted as help absoultely amazing as ……… SHAne a HOl mES

by Moussa
February 17, 2026
0

whos the GAVIN, Wheres the 2 stroke for the Hall Effect style Magneto. Naka's..... Where is the Famous Race Champ...

Load More

youssufi.com

sephina.com

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat !important;background-size: cover !important;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"]

We bring you the latest in Crypto News

[/vc_column][vc_column width="1/4"][vc_wp_categories]
[/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"]

Newsletter

[vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]
No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2024 APPROX FOUNDATION - The Crypto Currency News