To allow these exchanges to get away with their actions and to furthermore assist them in minimizing the repercussions of said actions goes against the very fundamentals of the cryptocurrency movement and devalues everything

Agree, 100%.
I also think (after this has been settled), there may be more questions and issues, going forwards

(you might get a giggle from my humorous video take on events - not including today meeting)

Steem Wars part 1 - The empire has a hissy fit.
https://steemit.com/hive-100421/@lucylin/nxkuvibq