Worldguard was got disabled, everyone lost their /home, etc etc Org should be resetting sometime soon though cough cough CypriotMerks cough cough
Bad things... bad things happened. To start off, a glitch allowed billions upon billions of unlegit dollars to enter the economy, essentially crashing it. Apparently it was also neccesary to reset all of the islands in order to update to 1.8 anyway, and so it was decided that the server would be reset. While waiting for the reset people used the unlegit money to buy lots of unlegit stuff and build ridiculous things. Then world crashed and massive amounts of griefing and looting occured, including some bombing of spawn. Then world guard magically came back up, and so islands are reprotected (mostly), but most and unlegit and/or griefed. Reset should hopefully be soon though.