i too have been playing this game since beta and in my own opinion, this is an unjust / unfair ban. from what I understand, nexon banned them due to participating in the exploit of these arcane weapons. however, instead of investigating it further, there was just a chain ban of whoever was holding the item for even just a second.
nexon should just track down the person/people who were involved in "hacking", and have them banned and delete the item(s) that were obtained from this process.