Heres how Backblaze described the issue:

…files from folders within your root directory could have been removed.

When prompted for the update, Creative Cloud members should install it as normal.

Adobe pushed out a new version of the desktop app, version 3.5.1.209, on Sunday.

Adobe Pulls Down Update Which Deletes Important Files on Apple’s Mac PCs

Adobe says, When prompted for the update, Creative Cloud members should install it as normal.

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source: www.techworm.net