It was all a scam from the beginning. They claimed their main stablecoin was USDC but they actually had no USDC in reserve. As soon as they got your deposit, they converted it to UST and put in all in Anchor. In fact, these dishonest devils originally had customers balances denominated at a 1:1 USDC USD rate, but immediately changed it to UST when UST began to free fall and tank. And they locked customers out from making any withdrawals for 36 hours while UST was tanking.
There’s a lawsuit coming for these evil, dishonest pigs.