Shiba Inu Unveils SOU as K9 Finance Disputes Claims Exclusion

By Edited By Ammar Raza,
Add as a preferred source on Google

What to Know

  • Shiba Inu launches SOU, offering on-chain NFT-based claims for Shibarium exploit victims.
  • K9 Finance disputes exclusion from SOU, citing heavy impact during bridge hack.
  • K9 DAO votes to sunset Shibarium products, urges Bonecrusher withdrawals before deadline.
Shiba Inu

The Shiba Inu team has developed a novel on-chain claims system that is intended to support those who have been affected by the Shibarium bridge exploit, which occurred last year. This is referred to as the Shib Owes You (SOU). This system provides a cryptographic proof of eligibility, which is permanently stored on the Ethereum blockchain.

According to the SHIB team, SOU is a good-faith effort to assist with the recovery of losses due to the September Shibarium hack. The NFT-based proof provides a transparent record that a wallet address has a valid claim. The system may include payouts, community donations, and rewards, according to the team.

KNINE Claims SHIB Compensation Exclusion

Nonetheless, there have been controversies over the rollout. K9 Finance has publicly expressed concerns over its reported exclusion from the SOU claim process.

The KNINE community claims that it was one of the most impacted during the bridge exploit and cited earlier comments from Shiba Inu developer Kaal Dhairya, which indicated that the intention was to ensure that everyone was made whole.

As of the time of writing this, there is no official information regarding the absence of K9 Finance within the SOU system. The project has encouraged users to contact the SHIB team for further clarification.

The news comes shortly after K9 Finance announced that its DAO voted on permanently sunsetting all products deployed on Shibarium. The shutdown is set to be implemented on February 25, 2026, following the recent fallout from the bridge exploit. As part of the wind-down process, users are reminded to withdraw funds from Bonecrusher before the deadline.

Also Read | Ethereum Faces Critical Test as Whale Losses Mount and 14.7 Million ETH Hits Exchanges

Shiba Inu Team Warns of SOU Scam Websites

Meanwhile, a member of the Shiba Inu team, Lucie, issued a public warning about scam websites that are posing as offering claims for SOU. She warned the community that there are fake portals that are trying to drain their wallets.

As the SOU goes live, the Shiba Inu ecosystem will be subject to renewed efforts to build trust while simultaneously facing scrutiny regarding claims processing.

Also Read | TRON (TRX) Eyes Breakout: Can Bulls Overcome $0.292 Resistance?

Zagham Abbas

Zagham Abbas

Zagham Abbas is a Blockchain Infrastructure Reporter at Tron Weekly with over five years of experience covering cryptocurrency markets, blockchain infrastructure, and digital asset regulation. His reporting focuses on core blockchain networks, protocol-level developments, decentralized finance ecosystems, and major assets such as Bitcoin, Ethereum, and altcoins.
Zagham covers network upgrades, protocol changes, scalability developments, security incidents, and ecosystem adoption across leading blockchain platforms. He also provides market analysis, explaining how infrastructure updates and regulatory actions impact digital asset markets. His work delivers clear, fact-based reporting for both beginners and experienced readers. He holds a Bachelor of Arts degree and follows strict editorial and fact-checking standards at Tron Weekly.

Articles: 1190

Related Posts