https://old.reddit.com/r/CompetitiveEDH/comments/1fno4ye/september_ban_announcement/
Long story short is that the premier casual format for magic banned over $300 worth of cards today and the competitive degens who latch onto the format and have their own competitive circlejerks are mega seething because their uber expensive tournaments largely relied on 3/4 cards banned today. The casual format's 3rd party ban committee (it's weird) really doesn't like the competitive niche and has refused all pressure from them to moderate their shitty format
I have a buddy who started the day with just under $1000 worth of these cards. Let's see how low they get. cEDHcells stay losing 
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wow it only took them five fricking years to ban the most broken card in EDH
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Wrong, Thoracle is still legal
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Thoracle is only a problem in cEDH, and frick those guys
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