Tether CEO Paolo Ardoino stated that 1,000 signatures have been collected to petition the Lugano city government to repair and restore the damaged statue of Satoshi Nakamoto. The statue was unveiled on October 25, 2024, during an event organized by Tether in collaboration with Lugano's 'Plan ₿' initiative, designed by artist Valentina Picozzi, and took 21 months to create, symbolizing the anonymity and decentralization spirit of Bitcoin's founder Satoshi Nakamoto.
On August 2, the statue was vandalized during Switzerland's National Day, was dismantled and thrown into Lake Lugano, and was recovered by municipal workers on August 4. Satoshigallery has pledged to cover the restoration costs, and the community strongly supports the restoration of this Bitcoin cultural landmark.
