Can someone briefly explain the whole Kane / Phora issue?

Although I've been around since c2004 I've never really been involved in these shenanigans.

What I know or think I know:

(1) In 2005 the Phora was hacked.

(2) At some point after that BDG somehow lost control of the Phora.

(3) Later he set up a rival forum and enlisted Kane+friends to hack the Phora.

(4) The hack was successful.

(5) At some point Kane developed an insane and all-consuming hatred of the Phora.

(6) Kane has pursued a vendetta against the Phora for several years.

(7) The Phora was recently hacked again.

Can someone break this down for me (and others) please.