Shiba Inu Unveils Plan to Repay Hack Victims
- Shiba Inu launches ‘Shib Owes You’ for hack repayments.
- Kaal Dhairya leads plan utilizing smart contracts.
- New NFTs issued for Plasma Bridge losses.
Shiba Inu’s team announced a plan called ‘Shib Owes You’ on December 29, 2025, aimed at repaying victims of a $4 million Plasma Bridge hack.
The plan involves converting losses into Ethereum-based NFTs, influencing Shiba Inu’s ecosystem dynamics and immediate market reactions towards strategic restructuring.
In a move to address the aftermath of the September 2025 Plasma Bridge hack, Shiba Inu unveiled the ‘Shib Owes You’ plan. The hack had resulted in losses estimated at $4 million.
Lead developer Kaal Dhairya announced the project would shift recovery efforts to smart contract-enforced NFTs. The initiative focuses on using ecosystem revenue shares for compensation.
The announcement spurred a positive market reaction, with SHIB token displaying buy-side support. However, specific shifts in total value locked or liquidity were not disclosed.
Financial implications remain largely confined to Shibarium’s Plasma Bridge. Other assets, including SHIB, were unaffected by the hack, and funding details have yet to be revealed.
Despite the proactive measures, the portal for NFT claims is yet to launch. Dhairya cautioned against potential fraudulent sites offering premature recovery options.
“We are shifting our approach to the recovery process by introducing NFTs that will serve as claim tokens for the Plasma Bridge losses,” said Kaal Dhairya, Shiba Inu’s lead developer. The shift to NFTs indicates a technological pivot by Shiba Inu. By focusing on revenue-generating projects and employing smart contracts, the organization aims for recovery without added community hype.
For ongoing updates, Shiba Inu community members continue to share insights and developments on various platforms.
