What happened with ACE? Fraud? Rug pull?
Published on HivePostify by @stayooutoftherz · Wed May 06 2026
Dear All, I (with another account, not this one), bought in January on the presale ACE worth of 1000 HBD.
Unfortunately I totally missed to follow up, and just now checked them out:
In less than 4 months down 97.7%%? This was sold as STABLE COIN! To be more exact "ACE is an overcollateralized stablecoin with deep liquidity and conversion mechanics to maintain the peg." I see neither a maintenance of the peg nor a "deep liquidity"! Where is the liquidity? Where are the buy orders near the peg?
Before I draw any conclusions, I would like to receive a response from @leostrategy, @leofinance or Khal (@khaleelkazi, @khal.shorts). Or any other input from veteran Lions like @onealfa or @taskmaster4450 and some ACE stakeholders like @monkmasters, @selfhelp4trolls or @mes.lxl0222 Do you think it is right to sell one token/project after the other, create revenues and just forget about the previous ones? Is that the business model of @leostrategy? At least that´s the impression one gets...
Posted Using [INLEO](https://inleo.io/@stayooutoftherz/what-happened-with-ace-fraud-rug-pull-k8t)
Tags: #leo#finance#ace#scam#hive-engine#leostrategy