Tether CEO Announces Server-Free Password Manager Following Historic 16 Billion Credential Leak

Tether CEO Paolo Ardoino revealed plans for PearPass, an open-source password manager, in response to the largest data breach on record. The leak compromised 16 billion credentials from tech giants including Apple, Google, and Telegram, exposing sensitive tokens and metadata through infostealer malware.

Crypto users face heightened security risks as the breach enables sophisticated account takeovers. The incident underscores growing vulnerabilities in cloud-based storage systems, prompting Ardoino's push for locally-stored solutions. 'No cloud. No servers. No leaks. Ever,' the CEO tweeted, positioning PearPass as a decentralized alternative.

Security analysts warn the exposed data creates prime conditions for social engineering attacks targeting digital asset holders. The breach timeline suggests ongoing vulnerabilities, with recent credentials still circulating on dark web markets.