Soompis article on it gave a bit more detail
"Hello, this is Mnet.
We wish to sincerely apologize to viewers, fans, trainees, and agencies for causing concern with our program.
We are currently cooperating in the investigation with a sincere attitude, and we will pursue strict internal measures according to the results.
Following discussions with related parties, we will release plans for compensation, reformative measures, and future plans for IZ*ONE and X1 as soon as possible.
However, we sincerely ask for your consideration so that the artists and trainees, who have done nothing wrong, do not suffer additional damages."