Yeah, there's no coming back from breaking the internet. I just get amused that they keep sending me email and don't just shut down my account. I wouldn't go near that place with a 10-foot pole now. I think imgur, for example, is a private company and could do the same thing, but I hope they've found a way to profit without shutting down free services.
It does make you wonder what would happen if Google decided to do something similar. They wouldn't (I think), but they probably could.
*ANYTHING* stored in the cloud is not yours, regardless of what any marketing tells you - and I work for a company that enables the cloud! If you don't have control over the systems holding your data, then your data can be removed/held hostage/sold/given away at the system owner's whim.
Entire websites have gone away removing decades of information along with them, and that's not even what most people consider "the cloud". As someone who does a lot of Internet research, the sheer amount of amazing Knowledge lost (including lots of posts about Guild from Hans!) when Fender decided to close its forums was staggering. 12 years of posts just gone. I'm here to tell you that that can happen with any provider on the Internet at any time. Including LTG. That's actually why I took stewardship of the site.
Security is a balance of convenience vs. paranoia, and we as a society have been so taken with the convenience of the cloud that we've all but abandoned any sense of security. We believe what the cloud providers tell us about how secure they are, then they have huge data leaks and if your stuff hasn't been compromised, then your personal information has.
When I saw how people lost all their photos when Photobucket went evil, I was horrified but not surprised. People trust the cloud and put their photos there without any copies at home.
The cloud is not to be trusted. Ever.