codelazarus

$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.

$PAXG Binance has decided to compensate for losses resulting from the de-pegging of not only USDe, which is pegged to the US dollar, but also BNSOL and WBETH, which are pegged to other coins.

If they are compensating for de-pegging of coin-pegged assets, shouldn't they also compensate for PAXG, which is pegged to gold?

The PAXG platform should step up and resolve this issue with Binance.

Protect PAXG investors in this abnormal situation.

My whole Future got liquidated on this scam pegged to gold coin $PAXG . Guess what. It didn't follow the gold price. it went ~15% down. While gold went -2%. What a scam!

$PAXG We want the answers and the truth from the PAXG platform.
How can PAXG claim that it is safely managed and securely backed by gold?