Hey Bungie.. If this is indeed caused by a corrupted save, I would gladly start from scratch rather than wait longer. If possible, can you clear all the guardians from my account and delete any save data you have? Not sure if that'll get me back in, but I'm willing to try.
Also, like many others, I used the vault yesterday to transfer some items right before I started getting the centipede error.
Good luck sorting it out, love the game so far!
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I would start again as well...