For what it’s worth, they have their domain back. It seems from a skim from the front page they’re just deciding how to refederate (allow list or block list, basically they are trying to decide if they will automatically federate with new instances).
At the time of writing this comment the votes are close and allow list is winning (many commenters don’t want to federate with new instances unless they are approved).
Its not time for celebration. This is just to take heat off Elon. Now the media will be able to spread the blame around or excuse it. “People inside the department know how best to make cuts. Everything is normal”.