Secondly, instead of doing a rug pull, what's wrong with a 2-month brownout period? Only allow the admin to login, put OneDrive in read-only mode. That will alert all users clearly.
Thirdly instead of fending of the questions from slate.com with Orwellian corporate speak, they should acknowledge their mistake and spend a couple of weeks of the highly paid engineers to see whether they can recover the data. Why is it always so hard for MS to say "Sorry, we made a mistake".