I have a friend who literally had the exact same experience a week ago. She rented her apartment to a guy for one night, and he proceeded to have a massive party filled with drugs, prostitutes, and God knows what else. Her apartment was subsequently degraded and destroyed beyond all recognition.
Thus far, Airbnb's response to her has been extremely non-reassuring. Hopefully they will do more in the coming week and remedy the situation. If not, expect a longer post with pictures soon.
It's stuff like this that gives Airbnb a bad name, and makes many people hesitant to ever use the service. I hope someone at Airbnb realises that pinching pennies and not helping hosts when they get screwed, is really going to hurt Airbnb itself in the long run.