Valve Suspends Holiday Auction Following Gem Exploit [UPDATE]

Update: Valve has restored Steam's Holiday Auction event and posted the following note: "On Thursday Dec 11th we had an issue with Gems that meant we needed to reset the Auction and start over. We apologize for the interruption. Any placed bids will need to be placed again. All Gems created by you have been returned to your Inventory All Gem purchases from the Community Market have been reimbursed. View your Store Transactions to see the Wallet Credit to your account. All previous Auction bids h...