BlockBeats News, June 20th, Tether CEO Paolo Ardoino commented on the recent "160 Billion Login Credentials Leaked by Apple, Google, and Others" incident, stating, "Cloud computing has once again disappointed us. It's time to abandon the cloud, and that's why we're building PearPass. PearPass is coming soon, utilizing a fully localized open-source password manager, without the need for the cloud, without servers, and never leaking any information."
Earlier reports revealed that over 160 billion login credentials from major online service providers such as Apple, Google, and Facebook were leaked, raising concerns about the potential severe consequences for cryptocurrency holders. Cybernews warned that this massive data breach could serve as the foundation for "large-scale attacks," providing attackers with "fresh and weaponizable intelligence."
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