$PAXG I lost everything by recent PAXG’ depegging.
I call on the Paxg platform and Binance.
The recent depegging of Paxg during the market crisis is not a mere incident.
If the Paxg platform cannot technically resolve the depegging issue, high leveraged futures trading should be suspended.
If another market crisis occurs, Paxg will depeg and collapse again.
Currently, Paxg investors remain exposed to liquidation risk.
Although I suffered from the recent PAXG depegging, I still believe in the future of PAXG and Binance.
My faith in PAXG stemmed from its link to gold — I believed it was as safe as a bank deposit, which led me to invest even more funds.
Now I realize it was careless to ignore the inherent instability of cryptocurrencies and to trust too deeply in PAXG’s stability. Unexpected market risks can occur at any time, and I put too much faith in its peg.
I ask PAXG for one thing: please strengthen your technological development to ensure such issues never happen again.
I believe the challenge of PAXG and RWA must continue — because it represents the dream of cryptocurrency investors.
Lastly, I would like to express my gratitude to Binance for their efforts to resolve this issue.