GH is playing to two audiences here. The hackers agree with you, but the corporate types (those who play by the rules) don't. GH stands to lose more by alienating the naive mob who think banning the account makes an iota of difference than it has to gain by trying to please the rest of us. GH is acting risk-averse with its PR strategy.

My prediction: Egor gets a job offer from GH within 2 months.