Unfortunately its not receiving positive feedback with the community.
A 10.8% drop in the market as of this writing is not good. The community has seen the technical vulnerabilities of this project so why would they trust it again?
The buyback is not the one that will resolve the trust; it's the plan to solve the technical vulnerabilities. What is their plan for the same scenario not to happen again? It's not within their control; it's the technical nature, so it's better not to be in a hurry to buy back again until they fix the issues and avoid a repeat of the dump scenario.
Honestly if I were the ones who old $OM and crashed, buyback with $109 million size is always a good thing to have for recovery plan, you don't recover the price by fixing technical, as founder himself said, the dump was caused by chain reaction of exchange liquidation, meaning there's no technical aspect needed to fix except in exchange and the concern of solvency. I'm sure exchange will also take some action to fix things.
Although i'm not so sure if that big buy back will really happen. I mean, the buyback can very well be done in a slow manner and therefore might not be as impactful as it was pictured.