The authorities of the Swiss city of Lugano announced plans to restore the statue of Satoshi Nakamoto, the legendary creator of Bitcoin, which was torn down from its pedestal on the night of August 2, 2025. The incident took place in the city center, where the monument, erected in 2023 as a symbol of the cryptocurrency revolution, was vandalized. The police are investigating the case but have not yet made any arrests. Restoration is expected to be completed by the end of September with support from local crypto communities and businesses.
The statue, created by sculptor Davide Canepa, symbolizes the anonymity and impact of Bitcoin on the global economy. Its damage has caused outrage among crypto enthusiasts, who organized a fundraiser for repairs — over 50,000 CHF has already been collected. The city council stated that the monument will be reinforced to protect it from future incidents.
This event highlighted the importance of Lugano as a cryptocurrency hub, where Bitcoin is accepted for tax payments. The restoration of the statue is planned to be combined with a cultural event dedicated to blockchain technology, scheduled for October 20.
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