I'm really sorry to hear about your loss. 700k is not a small amount. Maybe you should've withdrawn the amount when your gut feeling went the other way. After hearing about this , i feel sorry for people who have invested their money in The Bank of Cyprus or Laiki Bank. I've also heard that it's a 100% loss for people with more than 100k in it.
It was a 100% loss for any amount ABOVE the 100k EUR.
So for this guy he had $850k USD in the account in total.
He was remained with 100k EUR which was approximately back then 128k USD.
The rest of the money was gone.
128k out of 850k is 15% - so he lost 85% of his total balance.
For someone else with a couple of million euros it could have been a 95% loss and for someone with money slightly above 100k EUR it could have been a minor loss.