Flippa keeps quiet about security breach compromising user accounts

Word on the street is that Flippa got hacked (headsup, Flipfilter) about a week ago. Nice image of the Flippa admin screen at the is-hacked.com link. The alleged sequence of events is

1. Flippa Got Hacked (no big deal in itself) by Adam
2. Adam was kind enough to tip Flippa off about the vulnerability
3. Flippa fixed it (pretty quickly)

But if Adam's claims are true and everybody's accounts at Flippa have been compromised, why didn't Flippa tell its members? Maybe they think he's got only a list of email addresses. Isn't that still good reason to put out a press release and apologise profusely to your users?

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Then Flippa published a blog post admitting the problem.

And promptly took that page off the web.

Strange and stranger

Have a look at the full thread here (and extracts from that blog post that was later removed)