Steam Holiday Auction Suspended

The Steam Holiday Auction page reveals that this event was halted shortly after last night's launch. Though Valve doesn't reveal the "issues" they are "working frantically" to sort out, a post on reddit says a gem duplication exploit is what they are scrambling to address. Here's Valve's official statement:
Sorry, but there have been some issues with Gems and the Steam Holiday Auction has been temporarily closed. The elves are working frantically to get the issues sorted out, and the auction will start again as soon as they're done.
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Re: Steam Holiday Auction Suspended
Dec 12, 2014, 10:55
13.
Re: Steam Holiday Auction Suspended Dec 12, 2014, 10:55
Dec 12, 2014, 10:55
 
Atomic wrote on Dec 12, 2014, 10:53:
xXBatmanXx wrote on Dec 12, 2014, 10:50:
SpectralMeat wrote on Dec 12, 2014, 10:49:
ForgedReality wrote on Dec 12, 2014, 10:32:
Half-Life 3 confirmed!
For iOS devices

Card game....

Graphic novel.

Costs 3 Trillion gems.
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