Player accounts are not banned by Bungie. The exploit breaks the EULA. Sony and microsoft do banning. Bungie will only wipe rewards.
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[quote]Bungie will only wipe rewards[/quote] Didn't Bungie just ban a bunch of people for connecting to the game with a modded console? Also, I still get no hits for MS banning 12k Halo Reach players for disconnects. Source?
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A few people have linked the source. Bungie just wiped the rewards. The companies inserted bans for EULA.