$PAXG The more serious problem is that this situation could happen again in the future. If it isn’t resolved now, every time a market crisis occurs, PAXG could depeg from gold and collapse. How can this be called a real-world asset (RWA)? This issue must be fundamentally resolved.
If this problem is not resolved, PAXG should stop its misleading claim that it is pegged to gold. Binance should delist PAXG from the market.
In this incident, many investors who trusted PAXG as a hedge against market risk have suffered losses.
They invested believing PAXG’s claim that it was linked to gold as a safe hedge during a market crisis — but everything collapsed.
Should these investors bear all the responsibility for the collapse of PAXG’s and Binance’s systems?
This situation could happen again at any time in the future — will future investors also have to bear all the losses and responsibility then?
We want a proper response from Binance and PAXG.