TL;DR: The former webmaster of +CyanogenMod, +Ahmet Deveci, is holding the domain hostage for $10k. We don't really care, since we already moved everything over to cyanogenmod.org.
Furthermore, he was impersonating +CyanogenMod leadership to fraudulently extract money from other businesses.

Money always complicates things. This is why we can't have nice things.

We'll get the domain back anyways, since we hold the trademark to +CyanogenMod and it is a .com domain. Ie, we can recover it via a trademark dispute with ICANN [1]. It's just annoying as shit that some scumbag decided it was time to cash in, and screw everyone else. 

[1] http://www.chillingeffects.org/domain/faq.cgi#QID245
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