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I hadn’t heard this before as a casual Rust user but found this: https://www.theregister.com/AMP/2022/02/01/rust_core_team_de...

Is there more to the story here that I’ve missed?

The status of the project and it's future have rapidly deteriorated since that article was written in early 2022.

Ashley Williams is far too kind in detailing the situation on Oxide and Friends: https://oxide.computer/podcasts/oxide-and-friends/1367163