Ever wondered what happens to funds when a CEX delists a cryptocurrency?

Yes me too.

Steemit Adventures #1

Just holding, not moving the funds from the exchange and nearly forgetting about it? Sounds familiar?

What happens really when an centralized exchange removes a cryptocurrency from its trading platform?

What the users/traders see:
- The cryptocurrency is not tradable anymore
- Funds can not be touched / withdrawn

What i think:
- The exchange holds the private keys which means that they have full access to the wallet.
- As soon as the cryptocurrency is delisted, the customer support of each exchange tells you that the funds can not be retrieved in any way (?)
- Are the funds kept by the exchange and do exchanges sell off the cryptocurrencies at some point. Could this cause price manipulation? Or are the funds lost forever?

ToDo's: 

Write each centralized exchange
- what happens with the funds if a cryptocurrency gets delisted
- how early they contact the customers and how much time they get


This will be my side task for the next couple of weeks, just to keep myself busy!