This was posted on Slack this morning:

Alysea   1:53 AM
Dear BitBay community,

On behalf of LATOKEN, we apologise for the delay with the reopening of trading.
We had planned to reopen trading in the previous week but unfortunately some new bugs sneaked in.
Thanks to the help of BAY community, we have been able to find these bugs and fix them.
Sadly this Monday, additional new bugs have been identified and need to be fixed.

Currently user balances should have been fixed. Two issues remain, one related to the opening of trading, the other related to BAYR deposits not being credited.
We are focusing on reopening trading first. Once this will be done, we will work on tracking down the deposits issue.

We understand the frustration caused by these delays and we are sorry that it takes longer than expected.
Thank you for your understanding and patience while we fix these remaining issues.

Special thanks to the community members helping us with testing regularly to get rid of these nasty bugs!