Andy Sager
Aquarium Advice Addict
Dizzy it was probably an ulcer
Unfortunately, the position, reaction and timing don't correspond with this diagnosis. Ulcers don't appear overnight nor do they do that kind of damage in that short amount of time. The picture clearly showed a "slime" like condition prior to the flesh loss. A severe bacterial disease ( most likely extreme Columnaris) was the cause for this fish.
You may want to check out this link for a site on disease diagnosing and treatments. It may help in your own tanks and fish as well.
Chart on Fish Diseases, Symptoms and their Treatments