Elance sent out an email announcement to account holders so if yours ended up in your spam folder be advised that this is not a hoax.
According to the Washington Post, "The hackers discovered a security hole on an unprotected page that enabled them to access a data table that contained contact information including name, email address, telephone number, city location, and username, and that contained protected versions of user passwords, in an unreadable format called a one-way hash. Their attack did not access personal financial information such as credit card, bank account, social security or tax ID numbers."
Tips on How to Prevent Identity Theft
- Financial Planning Fraud Center: Read up on the latest Internet scams and get tips on how to protect yourself.
- How to Protect Your Personal Gadgets and Your Identity: Learn how savvy criminals steal personal information from your gadgets including your cell phone and even your car's GPS.
- Tips for Managing Spam Emails: Find out the best free, email obfuscators to disguise your email address online.
- Signs Your eBay Account Has Been Stolen: Warning signs your eBay account has been stolen and what to do to fix the situation.
- Identity Theft, Password Habits, and e-Shopping Safety: PayPal's chief security expert Michael Barrett talks about online identity theft prevention.

These are just lies, Elance is trying to cover them self and now blaming outsourcingroom.com
I know elance from past 5 years now.
I personally had issues with log in, I was not able to log in to my account.
Now you are telling me this story.
I will add this news in to your story, This is the latest one.
checkout:
http://www.elance.com/p/trust/daily_email_update.html
Just yesterday i have received about 74 emails coming from their Private message board.
It was actuall communication between buyer and service provider.
I had so much fun reading them all and wasted a lot of my time