Effectively, yes. Tell them you are working on a solution to prevent this from growing into a bigger issue, but steps should be taken to mitigate risk if that

Effectively, yes. Tell them you are working on a solution to prevent this from growing into a bigger issue, but steps should be taken to mitigate risk if that attempt fails. I don't know why we expect everyone to behave like panicked children in this situation. The reason people panicked is because the messaging from Thiel told them to panic.