Given that you appear to be reading non-technical articles aimed at non-technical readers -- you haven't said what article you're reading, so I'm just guessing

Given that you appear to be reading non-technical articles aimed at non-technical readers -- you haven't said what article you're reading, so I'm just guessing -- the word revoked doesn't mean anything technical at all. I see tons of articles getting it right that yes, they can move the domain to any registrar for .com that is willing to do business with them.