This is what I received from them today
Thank you for your message. As the new owners of BTC-Arbs we are happy to hear from you and are interested in hearing any suggestions that you may have. We are aware that the "Legacy Fund" method of doing things isn't ideal for some members, however it is the best way to ensure that all of our books are in order as we begin to move forward. As you will see, we have already started to transfer a portion of the Legacy Funds back to the main balance. Furthermore, we have processed all withdrawals that we have received.
We would appreciate your patience during this transition. A manual verification of the funds within the system is necessary, particularly due to the fact that there were a number of issues that arose as a direct result of the Heartbleed bug.
Further information regarding this transition will be provided in the coming days, along with information about our acquisition of an official investment license.