I have found the following in my reputation status:
+6 | 4 hours ago | reversal | Serial downvoting reversed
I was wondering if someone could please explain what this is?
Every once in a while, someone goes on a downvoting spree - picking a user and downvoting a whole bunch of his questions, or just downvoting every single question on the front page. This is a form of vandalism that is inescapable in an open group like SE.
Luckily, a lot of these vandalistic behaviors are easy to spot, not only by mods and admins, but also by automatic algorithms. When a serial downvoting spree is identified, those downvotes are cancelled, and anyone who lost reputation points from them will be getting them back. This is what this message is telling you - that you've been reawarded rep points that were taken away illegitimately.
If a user is deleted, their votes are also cancelled out. This happens in a similar situation to the other answer, when a user has been identified as a vandal.