Not sure myself about that.
if they did what they said, and follow thru.
as i understand it:
They had a problem with wallet.
set all the xvg that users had into a token on their site. xvgt (whatever)
if you had 100 xvg, u have 100 xvgt... so far so good.
they set it so you could still trade it. but not deposit/withdraw.
Still fine.
Users traded it off, lower and lower, getting out of their position.
I dont see anything wrong yet.
Only problem would be... if they put up 1m xvg coins (dont know the number) they need to buy back those coins.
end of story. to me, at least they are trying. (again, thats basing it on what i understood previously. dont know any changes in news etc)
(when they are ready to buy back those tokens, it should be at the market value of XVG, and not xvgtoken)
that would be the only issue.
until then...
Any direct news that differs from what i said? (typed)
g