Server randomly deleting characters
 

I made a paladin a few weeks back on the legends "EZ Server", got some levels, explored the world.
I log in today, everything is fine, I make a warrior and get to level 4.
I log in later on and the warrior is deleted, the paladin is down to level 1, is now bald, and now has a mustache.
All the loot is gone.

I guess this project is still in the Alpha stages.

No, this project is very far along. If you had an issue on EZ server, you should bring it up on their forums, not here. We have no control over individual servers here. I am sure there is a good reason/explaination for what happened to your chars. Though, my guess is that the problem is on your end. You probably logged into another server or account.