I've sent a PM to Ice, asking what happened. Looking at it, I think he fell victim to the AI autocuts, somehow forgetting to drop a player after winning the waiver wire player.
As I said, my position has always been to avoid rollbacks. At this point, it seems Icecold has only hurt his own team. Being at 31 on the power rankings, maybe he has a chance to get some of them back. If anything appears shady later, it can be revisited.
That said, bid away... Hopefully the lower ranked teams log in and notice.