From the look of it, there have been few reports and the damage is not that big (or still not reported from the users yet). If that's the case and the team is as professional as they claim to be, they should reimburse the users. Just another reason on why you shouldn't keep your funds in exchanges by the way.
From the looks of it based on the discussions, it seems like the forum-side of LocalBitcoins was compromised and the hacker is using the login to phish the forum accounts, for the hacker to be able to withdraw the funds of the users. Hopefully it stopped here as the forum has been disabled. Not 100% sure though.