From the page: "Code Spaces will not be able to operate beyond this point, the cost of resolving this issue to date and the expected cost of refunding customers who have been left without the service they paid for will put Code Spaces in a irreversible position both financially and in terms of on going credibility."

The startup I freelance for just lost all of their subversion history and I assume all of their source code has been compromised, including backups of SQL databases we use for deployment. Inside job?

This sucks, but it's also a great case study for future review.

everything about this sounds really shady. i have a reqlly hard time believing that they were stupid enough to let their entire company get wiped in less than 12 hours