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Right, take a look at Section 8 of the Terms of Service (https://rubygems.org/policies/terms-of-service):

THE SERVICE IS PROVIDED STRICTLY ON AN “AS IS” AND “AS AVAILABLE” BASIS, AND PROVIDER MAKES NO WARRANTY THAT THE SERVICE IS COMPLETE, SUITABLE FOR YOUR PURPOSE, RELIABLE, USEFUL, OR ACCURATE.

What warranty are they providing exactly?

It comes with a 100,000 mile drive train warranty.

Yeah we've been meaning to talk to you about that warranty actually

What warranty does it come with?

https://rubygems.org/policies

Yep right there in the TOS:

a. THE SERVICE IS PROVIDED STRICTLY ON AN “AS IS” AND “AS AVAILABLE” BASIS, AND PROVIDER MAKES NO WARRANTY THAT THE SERVICE IS COMPLETE, SUITABLE FOR YOUR PURPOSE, RELIABLE, USEFUL, OR ACCURATE.

That’s not the only thing though. E.g. the collect PII, so I assume there are regulations to abide by etc.

They're storing PII in the github repo they kicked the core maintainers out of?

Just stop trying to make excuses for these people. They screwed up, and based on this press release, don't seem to have any interest in actually correcting those mistakes.