Despite what they said, they tweeted about the situation after the season launched.
[quote]With the launch of Season 21, unclaimed vendor engrams will no longer be totally wiped when a new Season launches. However, due to the inventory limits of vendors, they will each only be able to hold up to 99 unclaimed engrams when a new Season launches.[/quote]
https://twitter.com/Destiny2Team/status/1661129700436230144
[quote]Are we ever going to have the proper amount players had recovered[/quote]
No
[quote]are they all just lost in the abyss now?[/quote]
Yes
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You can't inform players of this AFTER the launch of the season. Unacceptable.