I doubt Solo really had helping newbies on his mind when he gave out his info.Regardless if Solo is dumb for giving out his info to random noobs, he did however help a lot of people get xp and progress their toons. Grupo was always on, always in an xp group, always getting people xp, always helping the random noobs on this server.
If someone blew up your car and the insurance company says "fuck you, you are out of luck", would you be happy about it too?
If you offered a copy of your cars key to anyone walking by I don't think your insurance would cover them wrecking your car.
This is probably a bad idea.Charge a fee for restoration...if it really mattered...
And like Fuwok says, you're letting the bad guy win by not restoring the character.
You're also not learning to be more careful with who you give out your info to. What Solo did with Grupo's info has always been very strongly discouraged.