The SHIB team recently launched a rather interesting solution to address user losses caused by the previous Plasma Bridge vulnerability—directly minting the lost funds as NFTs that can circulate on Ethereum, and gradually returning them through on-chain governance.

The process roughly works as follows: users first verify their loss amount, and the system then generates a corresponding NFT asset as a written debt certificate. Repayments are divided into multiple stages, although the official timeline has not yet been announced. At first glance, these NFTs are not just intangible objects, but real on-chain proof of rights, and can even be traded on the market.

However, this solution also has its nuances. From the user's perspective, NFTs often lack the liquidity of tokens, and their convertibility depends on market conditions; additionally, how much of the stolen funds can be recovered to cover losses remains uncertain, and over time, the amount of recovered stolen funds is itself a suspense. Smart contracts are not 100% secure, and the risk of secondary attacks still theoretically exists.

From a broader perspective, SHIB's approach essentially uses new technological means to patch the trust crisis caused by security vulnerabilities. It is indeed a clever way to survive, but liquidity risk and execution certainty remain immediate challenges.