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I agree with you... something needs to be done fast or they would loose everything

Does that mean there will be another hard fork to fix this issue?

Yes... The Lighting network fork is ongoing now as we speak. SUPER BTC HAS BEEN RESULTED. Expect more forks

But in my little knowledge I don't think they will loose much because the transaction fee is nothing to them. They make more money from Bitcoin so it's no big deal.