I had this happen with NameCheap. I’m not sure if they bought it or someone else, but it stayed registered with them. Whoever bought it has held it for a couple years, put up a fake website to look like they were using it, but took it down after a year when I didn’t bite on buying it. Current status shows it’s pending deletion finally for abuse or non-payment. I keep checking to see when I can nab it again.