PS Elements 2026 is deleting my files

Platform: macOS Sequoia on an M1 Mini, 16GB RAM

Photoshop Elements was working great but after a few days, would freeze, giving a beach ball, and upon force quit zero out the open files. See the attached image. The "RECREATED" file was just that, and it too was zeroed out.

I thought that the fact that I was using a network share might be part of the problem, so I saved to the local APFS disk. I experienced the exact same problem.

I submitted the crash reports when promted and really, really hope Adobe can resolve this.

This is terrifying, especially having used Photoshop (non-Elements) for decades and considered it the most reliable software I use.