The post Shiba Inu Launches Mechanism to Restore Affected Shibarium Users appeared on BitcoinEthereumNews.com. In a recent tweet, Shiba Inu’s official X accountThe post Shiba Inu Launches Mechanism to Restore Affected Shibarium Users appeared on BitcoinEthereumNews.com. In a recent tweet, Shiba Inu’s official X account

Shiba Inu Launches Mechanism to Restore Affected Shibarium Users

In a recent tweet, Shiba Inu’s official X account reveals that SOU is now live. SOU, an abbreviation for “Shib owes you,” is an on-chain NFT intended as a good-faith effort to support impacted Shibarium users with payouts, donations and occasional rewards.

In a 2025 year-end message, Shiba Inu developer Kaal Dhairya introduced this system, revealing his commitment to ensuring that every Shiba Inu-related activity is oriented toward making Shibarium users whole.

In the “Shib Owes You” system, every affected Shibarium user has an SOU NFT — an on-chain, verifiable record of exactly what the Shiba Inu ecosystem owes them. This is cryptographic proof that users own a claim, recorded permanently on the Ethereum blockchain, where no one can manipulate it or make it disappear.

Morning Crypto Report: XRP Not Ready for $1.50: Bollinger Bands, Cardano Foundation Votes ‘Yes’ on 500,000 ADA Withdrawal, Kiyosaki Details ‘Rich Dad’ Bitcoin Strategy

Ripple CEO Sees Major Legal Victory Likely This Spring

 Each SOU tracks a principal amount, which is the value being owed to a specific user. When payouts happen, the principal goes down, as well as when donations come in from the community.

The entire system, including minting, payouts, donations and transfers, was audited by Hexens, which revealed the audit has now been completed.

In a recent tweet, Hexens revealed security review of the new SOU (Shib Owes You) contracts powering a secondary NFT market for recovery and repayments following the Shibarium hack.

The assessment focused on asset recovery logic, repayment flows, NFT mechanics, access controls and overall fund safety.

The Shiba Inu community reacted to the recent update about the SOU, including Shiba Inu lead ambassador Shytoshi Kusama, who praised the team’s work. 

 “Great work guys getting this out, kaal dhairya and  the team,” Kusama stated. 

Shiba Inu price 

The crypto market is mostly in red in early Tuesday session. At the time of writing, SHIB was down 2.36% in the last 24 hours to $0.000006431 and up 7% weekly.

The markets are reacting ahead of the FOMC minutes on Wednesday, which will show insights into the last interest rate decision and future monetary policy.

Investors are also expecting more delayed economic data this week, including December’s personal consumption expenditures index on Friday, the Federal Reserve’s preferred inflation gauge.

Shiba Inu retreated after a sharp surge to $0.00000724 on Feb. 14, with the next support now at $0.00000575.

Source: https://u.today/shiba-inu-launches-mechanism-to-restore-affected-shibarium-users

Market Opportunity
SHIBAINU Logo
SHIBAINU Price(SHIB)
$0.000006511
$0.000006511$0.000006511
+0.15%
USD
SHIBAINU (SHIB) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Will Crypto Market Rally or Face Fed Shock?

Will Crypto Market Rally or Face Fed Shock?

The post Will Crypto Market Rally or Face Fed Shock? appeared on BitcoinEthereumNews.com. The FOMC minutes from the January Fed meeting will be released on February
Share
BitcoinEthereumNews2026/02/18 04:03
CME Group to Launch Solana and XRP Futures Options

CME Group to Launch Solana and XRP Futures Options

The post CME Group to Launch Solana and XRP Futures Options appeared on BitcoinEthereumNews.com. An announcement was made by CME Group, the largest derivatives exchanger worldwide, revealed that it would introduce options for Solana and XRP futures. It is the latest addition to CME crypto derivatives as institutions and retail investors increase their demand for Solana and XRP. CME Expands Crypto Offerings With Solana and XRP Options Launch According to a press release, the launch is scheduled for October 13, 2025, pending regulatory approval. The new products will allow traders to access options on Solana, Micro Solana, XRP, and Micro XRP futures. Expiries will be offered on business days on a monthly, and quarterly basis to provide more flexibility to market players. CME Group said the contracts are designed to meet demand from institutions, hedge funds, and active retail traders. According to Giovanni Vicioso, the launch reflects high liquidity in Solana and XRP futures. Vicioso is the Global Head of Cryptocurrency Products for the CME Group. He noted that the new contracts will provide additional tools for risk management and exposure strategies. Recently, CME XRP futures registered record open interest amid ETF approval optimism, reinforcing confidence in contract demand. Cumberland, one of the leading liquidity providers, welcomed the development and said it highlights the shift beyond Bitcoin and Ethereum. FalconX, another trading firm, added that rising digital asset treasuries are increasing the need for hedging tools on alternative tokens like Solana and XRP. High Record Trading Volumes Demand Solana and XRP Futures Solana futures and XRP continue to gain popularity since their launch earlier this year. According to CME official records, many have bought and sold more than 540,000 Solana futures contracts since March. A value that amounts to over $22 billion dollars. Solana contracts hit a record 9,000 contracts in August, worth $437 million. Open interest also set a record at 12,500 contracts.…
Share
BitcoinEthereumNews2025/09/18 01:39
Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future

Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future

Ethereum founder, Vitalik Buterin, has unveiled new goals for the Ethereum blockchain today at the Japan Developer Conference. The plan lays out short-term, mid-term, and long-term goals touching on L2 interoperability and faster responsiveness among others. In terms of technology, he said again that he is sure that Layer 2 options are the best way […]
Share
Cryptopolitan2025/09/18 01:15