It's pretty funny that a big fuck up has subsequently caused the price of STEEM to go up instead of down, but it makes sense... they need to have liquidity for their users
Its a good and a bad thing at the same time, however the steem community still doesn't deserve all those shts
I do not know why it is a bad thing for exchanges to buy steem tokens.
There has never been a restrictions or law forbidding exchanges from doing so. The situation has infact helped steem community holders to some extent.
The truth perhaps remains that investors are now at the peril of huge whales, and have to pick profit whenever they can.
Who says exchange cant dump tokens ? Always do your own research.