Tether Teases Password Tool After 16B Leak Hits Facebook, Apple

A record-breaking 16 billion passwords linked to platforms including Google, Facebook, Apple and government services have been leaked in what cybersecurity experts are calling a “blueprint for mass exploitation.”

The leak, confirmed by security researchers at Cybernews in a June 20 blog post, is the largest ever, exposing billions of login credentials that could be used for identity theft, phishing, and account takeovers.

In response, Tether CEO Paolo Ardoino has unveiled plans for PearPass, a fully offline, open-source password manager. “The cloud has failed us. Again,” he wrote in a post on X. “It’s time to ditch the cloud.”

Leak A “Blueprint For Mass Exploitation,” Warns Cyber Security Firm

Cybernews, a cyber security research team, said it uncovered 30 “exposed datasets containing from tens of million to over 3.5 billion records each.” In total, it said it’s has uncovered 16 billion records of breaches.

“This is not just a leak – it’s a blueprint for mass exploitation,” the researchers said. “With over 16 billion login records exposed, cybercriminals now have unprecedented access to personal credentials that can be used for account takeover, identity theft, and highly targeted phishing.”

Every time a new data breach happens, it feels like deja vu.

But today’s was different.
Apple, Google, Facebook and Telegram.
All hit in the biggest credential leak ever recorded.

Your digital self was once again, exposed. pic.twitter.com/BYa6HTFAWu

— Fa_yaman (@Fa_yamannn) June 19, 2025

The data leak is the largest breach ever confirmed.

Tether Announces Upcoming Launch Of PearPass

Tether’s Ardoino has called for a decentralized alternative to the cloud for password storage and protection. He revealed in his X post that the company has “been building PearPass — coming soon.”

The software will be an open-source password manager that will run locally on users’ devices. 

“No cloud. No servers. No leaks. Ever,” Ardoino said in the post.

This product is the latest in the company’s shift away from solely focusing on its stablecoin offering, USDT, which is the largest product of its kind with a market cap of more than $155 billion, data from CoinMarketCap shows.

It follows an announcement that the company will also launch an open-source Bitcoin mining operating system towards the end of the year.

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