This person, who does nothing to hide his gamertag or psnid, posted this eploit on youtube just hours ago. I certainly hope you ban him, Bungie. Others have been banned for far less.
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He didn't do anything wrong. Perhaps Bungie should learn how to conduct thorough game testing and fix these things before releasing updates to begin with. In this case, a player shouldn't get banned for Bungie's wrong-doing.