Are you, as a company, planning to refund your customers? Or are you planning to just rob us?
As pointed out in the rules of this category, you can't get an official answer on the forum. I think games you've bought should remain available in your library. If any games have to be removed altogether due to creators breaking the site rules on purpose, such cases should be handled like before. Please contact support if you want to make sure.
Just to point out that the developers who made the games will be the ones getting the financial hit for refunds. They didn't ask for it and their games were distributed and sold in good faith and in accordance with the rules at the time. Yes, the customers are getting screwed but so will the developers, especially if itch decide to mass refund people.
https://itch.io/docs/buying/already-bought
I had to do some digging, but I found this page that we as customers can use before complaining to support and asking for refunds.