#PAXGUSDT
On January 29th, Thursday.
An investment platform in gold has just collapsed with a loss of 19 billion dollars. Investors are terrified; when they arrived to withdraw their gold from such a platform, their withdrawals were completely blocked. The company aims to reimburse 20% of the investments of the holders, and they fear losing everything!
Completely refusing the offer and asking for immediate cash.
What happened? Could it be that the company did not have enough gold for all the investors? How can a company with such turnover not have strict oversight or vault counting, a guarantee beyond mere words? This brings my attention to other types of assets that exist in abundance, and we, the fools, trust 100% in the providers, relying completely on the vault and the company's transparency.
Are they being transparent with us mere "mortals"?
Sincerely: cripto_gui