[Phantium]

Every morning i wake up and check on my horse, the peg is still there.
Yet, the horse is no longer leashed to it. I know for a fact that nobody has been trying to steal my horse or so, yet it is unleashed.

Could anyone tell me if this is a bug, or do pegs simply time-out over time?

If they do time-out, it would still be big problem, as someone could simply take your peg and you'll have to make a new one every day. Unless you put your horse in your house, which i'm still working on anyways.