The owners of WetCanvas have filed for bankruptcy and are seeking buyers.
WC admins have no information as to how or when this will affect WC.
The company states it is business as usual for the time being.
Please take the time to make back-up files of your own WC images if you do not already have them. Consider exchanging email addresses with those you trust.
ETA: March 18
I just wanted to let you know that it is business as usual and that the company is not shutting down. Hope you are all well and apologies for any delay.