Tether CEO: Petitioning the Lugano City Council to restore the Satoshi Nakamoto statue, has gathered 1000 signatures.

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On August 8, Tether CEO Paolo Ardoino posted that they have gathered 1,000 signatures to petition the city government of Lugano, Switzerland, hoping to restore the Satoshi Nakamoto statue that was previously thrown into the lake. The Satoshi Nakamoto statue, located in Lugano, Switzerland, was stolen and thrown into the lake on August 3, and was retrieved that evening. On October 25, 2024, the city of Lugano, Switzerland, unveiled a statue commemorating Bitcoin's anonymous creator Satoshi Nakamoto in Ciani Park (Villa Ciani), an event hosted by Tether in collaboration with the Lugano city’s Plan B initiative. The statue was designed by Italian artist Valentina Picozzi, taking 18 months of research and 3 months of construction to complete.

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