Something similar to this happened to my brother along the lines of his character. His character was reset to level 1 and every time he tried to access online he was getting the "Session Timed Out" error.

The only resolution he could do to get his character to work is by deleting it all together. I know it sounds stupid, but it works. He had to delete his character and then unlink his Xbox Live account from the Social Club and then create a new character.

After he done that he was able to go back online and still has his money. So not all was lost

That's crazy! its kind of pointless because they will just loose players

i won't believe it until i see it myself

yup, it wont let my modded account play online, but my non modded account can go online

So, I hosted. Will I be definitely banned or a chance?

Lmfao. Looks like everyone is getting console banned. Who gives a sh*t.

I havn't been hosting any lobbies but I gave only 1 million to a couple of people that were lvl 15 and they needed money...

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so are people actually getting banned for this?

SonOfAres6 wrote i won't believe it until i see it myself

i suppose thats one way to go about it.