M4v3R, the site owner, posted an update. Not a good one I'm afraid.
https://bitcointalk.org/index.php?topic=5441.msg1413156#msg1413156I'm glad he didn't leave us all in the dark and decided to come forward with this.
I was quite shocked when I read this, but after a few hours of steaming I calmed down a bit.
He seems sincere enough that he admits his wrongdoings, and does want to fix them.
The ideas he has on how to do this are not all that bad, and I personally hope that bitmarket can survive this mishap.
Not just so that the ones affected can get their bitcoins, but also because I think Bitcoin can miss another blow to the head (even though this one would be related to the downfall of Bitcoinica ).