I guess I indeed missed this recent confiscate event. Can you point me to where I can read about it? Last major financial disaster I've heard about is Cyprus. W

I guess I indeed missed this recent confiscate event. Can you point me to where I can read about it? Last major financial disaster I've heard about is Cyprus. Where people deposited money in the banks, the banks gambled with the money and lost it. Which is "slightly" different than confiscation. The involvement of "governments" and "entities" only helped the depositors to lose less of their money.