I can't help but wonder if, under extreme conditions, the universe has some sort of naturally occurring floating-point error conditions, where precision is naturally eroded and weird things can occur.
Getting rid of the event horizon is simply a question of increasing the angular momentum and/or charge of this object until the inequality is reversed. When that happens the event horizon disappears and the exotic object beneath emerges.
It's not impossible that the universe is somehow implemented in an "umpteen gazillion bits, but not more" system, but it strikes me as a lot more likely that it really is just a real-number calculation.