Tether CEO responds to global password leak incident: developing a new password management solution called PearPass

ChainCatcher news, in response to the recent $16 billion password leak incident, Tether CEO Paolo Ardoino stated on social media: "Cloud services have disappointed us again."

Ardoino announced that his team is developing a new password management solution called PearPass, which is a "fully localized, open-source password manager that does not rely on cloud services, does not rely on servers, and will never experience a leak." This tool will ensure that users' keys are securely stored on personal devices, giving users complete control over their data security.