I'm not sure where you get the idea that a legally binding agreement you sign by clicking OK "doesn't hold water". That's the whole purpose of the terms of service, to legally safeguard them in case they have to terminate the service for any reason. This is why games you play online aren't owned by you and the wording almost always refers to you paying for access to the game and not the game itself. As soon as someone says "hey you banned me wrongly" there could be an investigation and items restored possibly gametime awarded, but there wouldn't really be a whole lot of fallout. Doesn't happen in other games, even those with very long lifetimes. People get banned all of a sudden for RMT or botting and have no foot to stand on legally, they either start over (sometimes not even that because they get IP banned) or never play again. Legally it's so expensive to sue and really all you can be awarded is the original purchase price of the game, usually not worth the hundreds and possibly thousands you will pay in legal fees. A company like SE laughs at people suing over things like that because legally they're protected AND they have the money to make the process so prohibitively expensive for the prosecution that even the thought is laughable. No serious lawyer would take that case. They already do eliminate "waves" of supposed RMT traffickers and users, pretty sure one or two of them out of the tens of thousands every wave have likely been innocent.
You can be denied the use of a lot of your services at any time due to the agreements you've "signed", this is already a risk we all take. Not understanding that you've already agreed to that is dangerous. I warn you that you're not nearly as immune as you seem to think from getting the rug simply yanked out from under you. If you think any different I would speak to a lawyer about it.
I wouldn't really know how fast a bot-farmer restores their bots. Would they honestly bother if the bots got banned in a day? Might make it not worth it financially and there would just be no botting.



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