RE: What happened with ACE? Fraud? Rug pull?

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.