According to BlockBeats news, on August 8, Tether CEO Paolo Ardoino announced that 1,000 signatures had been collected to petition the government of Lugano, Switzerland, to restore the Satoshi Nakamoto statue that had previously been thrown into the lake. The Satoshi Nakamoto statue, located in Lugano, Switzerland, was stolen on August 3 and thrown into the lake, and was retrieved that same evening.
On October 25, 2024, a statue commemorating the anonymous creator of Bitcoin, Satoshi Nakamoto, was unveiled in Ciani Park (Villa Ciani) in Lugano, Switzerland. The event was hosted by Tether in collaboration with the Plan B initiative of the City of Lugano. The statue was designed by Italian artist Valentina Picozzi and took 18 months of research and 3 months of construction to complete.