i am stunned by what i am reading.

1) You guys realise he stole nothing? there is a bug in the code..
   a) Damn, I am happy it has been uncovered now. Just imagine if he was a lot more malicious, and with other buddies? He could devastate the whole coin once it's registered.
   b) These things are necessary to ensure that the code is solid and that no bugs are present, for wide adoption.

2) When you are first to do something that nobody is doing, that's when you get the best of it. I see no reason why he should be penalized for it...Unfortunately, this is an opportunity for the team to learn and move forward. The best
    lessons are hardly free.

3) Do you understand how devastating it could have been if the coin was already on the exchanges? for the reputation and the price? You'd all loose your investment.

Just stop pressuring the team to have the coin listed and let them do their job of securing the project, for everybody's sake.