it's horrible that this can be observed in the 21st century.. this is some kind of slavery...you earned money by working, and they were simply taken away... I am very glad that I live in another country where there is no such practice

There is a difference between funds up to 100K being guaranteed and between funds being taken above a certain limit to pay a country's debts.  A huge one - it is the difference between a bank making bad decisions and politicians doing so.  And if I recall from the thread (it has been quite a while since I read it), he stated later they had the account for working capital - e.g. paying salaries for their employees etc.  Nothing shady, just money used for operations.

And the guy you replied to looks to be a link spammer anyway given the look of his 4 posts.

Good point. He did live there...I think in the thread he said he moved to somewhere in the Caribbean after this.  I'd be interested in hearing an update.

A lot of people lost their money during the Cyprus bank deposit "haircut". I wanted to ask the OP about what happened to those funds after the haircut, but he has been inactive here for almost three years now (the last time he posted was in 2018, I believe). Ironically, a lot of foreign citizens (mostly Russians) lost their funds during this haircut. Many of them preferred the Cypriot banks, because the interest rates were higher when compared to the banks in their country.

Also Cyprus' banks were fine with laundering dirty Russian money : https://www.wsj.com/articles/u-s-takes-on-russias-favorite-money-haven-cyprus-1538316001 And Russian taxes were probably not paid on the money either.

It's a shame for the people affected that didn't do any of that...

That's a lot of money and end up loosing the hard earned money was heartbreaking. This is the essence of being a decentralized system will come just like bitcoin introduced to us that benefits of having full control of our money and assets without worrying being control by anyone like banks and government.

You might read about the Cyprus financial crisis in 2013 if you want to understand more, to see what happened.  Regular people in Cyprus paid for the crimes of their corrupt political class.

Using bitcoin, the people of Cyprus wouldn't have had their money stolen.

e.g.
https://blogs.loc.gov/law/2013/04/the-cyprus-banking-crisis-and-its-aftermath-bank-depositors-be-aware/
https://www.bbc.com/news/world-europe-21814325
https://en.wikipedia.org/wiki/2012–2013_Cypriot_financial_crisis

Exactly.  There isn't a government in the world today that wouldn't seize (steal) everyone's assets if they decided it was necessary.

Somewhere I may agree with your thoughts, but not everything is so bad and a little wrong For example, in my country there is a so-called "deposit guarantee fund", which, albeit not fully, but insures such situations. The meaning of this fund is that the state fund accumulates funds at the expense of the same commercial banks, and guarantees that at the expense of this fund, if the bank cannot fulfill its obligations, an amount of up to $ 12k will be paid. This, of course, does not compensate for a $ 50k deposit, but most depositors do not keep such amounts on deposits.
And what happened in Cyprus is a reaction to the criminal acts of the government, the government that the people themselves chose and allowed to bring the economy to such a state. I will say this - I have been to Cyprus often (as a tourist), so the population there is quite lazy, although in their situation they would have to try harder and work better. But all the time they were waiting for handouts from the EU, aid, loans, i.e. waited for someone to solve their problems for them. The result is quite predictable, and private businesses suffered by inertia ...