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Tether CEO: Abandoning Cloud Computing, Will Launch PearPass Password Management Solution

2025.06.20 10:56:20

On June 20th, Paolo Ardoino, the CEO of Tether, commented on the recent incident where "160 Billion Login Credentials Were Leaked by Apple, Google, and Others". He stated, "Cloud computing has once again let us down. It is time to abandon the cloud. That is why we are building PearPass. PearPass is coming soon. It utilizes a fully localized open-source password manager, without the need for the cloud and without servers, and will never leak any information." Earlier reports disclosed that over 160 billion login credentials from major online service providers such as Apple, Google, and Facebook were leaked, which raised concerns about the potential severe consequences for cryptocurrency holders. Cybernews warned that this massive data breach could serve as the basis for "large-scale attacks" and provide attackers with "fresh and weaponizable intelligence."
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