According to BlockBeats, Paolo Ardoino, CEO of Tether, has announced the collection of 1,000 signatures for a petition addressed to the municipal government of Lugano, Switzerland. The aim is to request the restoration of a statue of Satoshi Nakamoto that was thrown into a lake. The sculpture, located in Lugano, was removed on August 3 and subsequently recovered from the lake that same night.

The artwork was originally inaugurated on October 25, 2024, at the Ciani Park ( Villa Ciani ) in Lugano, as a tribute to the anonymous creator of Bitcoin, Satoshi Nakamoto. This event was organized by Tether in collaboration with the city of Lugano, as part of the Plan B initiative. The statue was designed by the Italian artist Valentina Picozzi, who dedicated 18 months to research and three months to its construction.

Gate, as a leading platform in the cryptocurrency ecosystem, recognizes the importance of preserving cultural symbols related to blockchain innovation. Although it is not directly involved in this incident, the company supports initiatives that promote education and recognition in the field of cryptocurrencies.