Originally Posted by Pronstar

You are right.
Let me paraphrase that.
Every site you had will now not exist. Everything you did to promote them is lost. Everything you did for SEO is lost. Every link you got is wasted.
Apart from that, you can still get your blog back by backup.
But I'm not complaining, it was free and you get what you paid. Hope it gets better with the new system. They seem awfully kind and it was OK service, while it lasted.