What happened with ACE? Fraud? Rug pull?

No. It is most definitely not right.

I am really, really mad. Mostly at myself for going against my little inner voice. Haha! Not only did I go against it but went whole hog! I remember thinking that I could just be my own @leostrategy... i should have. I would have done a much better job.

I am mad at them for being dishonest. They broke so many promises then didn't even have the guts to come out and say so much as a sorry. Disappeared and haven't said a peep!

They might come out and say they are still working on it at some point, but I doubt that. At this point they should just gather up whatever they have left and divvy it up proportionally amongst the current holders. I will not hold my breath.

@leostrategy will likely not answer you. They have not answered me...nor anyone else as far as I can tell. They are gone almost certainly.

@khaleelkazi has made it clear that he has "washed his hands" of it (my interpretation--maybe not reality). I agree that he has more pressing things to do, but it doesn't wear well.

This has left a really bad taste in the mouths of the whole $LEO project in my book, but not one that is insurmountable. The problem is that many who were burned will consider themselves burned by Leofinance, take their money and leave (whether that is true or not).

Your money is almost certainly gone. Now what? That is where I am.

The right person to get them out of hiding, sadly they keep saying the same, it's not their fault, it's the market, like they have no idea that markets will have highs and lows and their peg mechanics didn't need protection against that.

I have not checked my account in a while and I am shocked to see what @leostrategy has done to the community.
For me this was the last time I ever give trust to anyone on this chain.
Unfortunately my trust in $LEO is also quite low.

I am not surprised, nor am I all that bothered. It could have really really helped me if I had cashed out but I was greedy enough to believe I could time the pump and dump. Or I believed maybe they could pull off something insane and make it work because they are smart people…even though I was very skeptical. I can’t be sure but I don’t believe they had bad intentions. Just overly ambitious as people on crypto tend to be.

Honestly I don’t take crypto all that seriously anymore. It’s not a problem of the technology or most individuals. It’s just the way culture evolves slower than it should because everyone clings on to philosophies that they don’t actually understand an everyone is running from their own fears and trauma all the time. Everyone wanted crypto to solve all the world’s problems and their own problems and we shot our collective load too soon, again and again.

I don’t want to hate Leo when they were pretty decent to me, just like I don’t hate other team or individuals here who fucked me even harder and never even realized it. They got way more hate than the deserved the past few years, at least when you consider how other people got away with similar things or worse.

I’ve learned my lesson, to focus on the things I’m passionate about and being person I want to be and to stop trying to strategize my way to success.

I feel a bit fucked, but that’s not a new feeling for me. I’m tired of letting it make me feel like shit. If the world is shit I just have to rise above it by doubling down on my ideals.

That peg collapse is brutal. Overcollateralized stablecoins don’t just lose 97% overnight, someone did something real with those funds. The silence now says more than any whitepaper. Wondering how many others bought this thinking they’d just hold through the liquidity fixes. That kind of abandonment isn’t a bug, it’s a feature in the worst kind of project.

Sentiment is at an all-time low and this hurts the short-term of the asset stack. We are continuing to scale our products and revenue-generating aspects of LeoStrategy. Patience will prevail