Pardon my language, but, are you fucking joking? If this is true, it is one of the most depressing things I have heard in a while. To me, these "hacks" represented a seemingly long standing tradition of "let the geniuses do whatever the hell they want, they're geniuses!".
This doesn't hurt anybody, doesn't damage anything, why on god's earth would you ever want to punish them? If nothing else, this is bringing more good publicity to the school. These sorts of things are exactly the reason that I daydream about being able to go to a place like MIT.
'Tis is a sad state of affairs if these people are looked at as scoundrels and not heros.