Tether CEO Announces Open-Source Password Manager Following Massive Data Leak

BTCC / BTCC Square / Global Cryptocurrency /

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2025-06-20 15:13:01

Tether CEO Paolo Ardoino has unveiled plans for PearPass, a fully local and open-source password manager, in response to a recent breach exposing 16 billion credentials. The tool eliminates cloud dependency, storing data exclusively on users' devices.

The announcement follows Cybernews' discovery of compromised credentials from tech giants like Apple and Google. Ardoino's "ditch the cloud" manifesto reflects growing security concerns in crypto circles after the $300 million leak threat.

Tether's pivot into privacy tech signals broader industry trends toward self-custody solutions. The stablecoin issuer joins an intensifying race to protect digital assets as security breaches become increasingly systemic.

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