I'm in the same boat.  

In fact I may be worse off than most...I don't think btc-arbs will ever pay me back because of the way I called him out as a scammer over on the litecointalk forums.  Months ago when the supposed "buy out" happened I started digging into things and couldn't reconcile all the odd behavior...so I started a thread to warn folks that the website has become a scam.  So my guess is he won't honor my refund of 1.25BTC because of that.  I hope he's better than that, but who knows...there's no transparency in what he's doing, who's getting paid and why, who's next in his queue, who he deems has a legit claim, etc....So all we can do is be patient and hope he stays true to his word and honors all legit requests for repayment.