Well to start with yes. You will get 3 exotic cyphers for forsaken non raid exotics. If you own all the exotics, you’ll get 3 ascendant shards instead.
As for them removing content, when you accept the terms of the game you give bungie all rights to the content and essentially agree that you’re just buying a license to play the content.
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I know that I accepted the terms but I think that doesn't make it above (in my case) the german laws. Or am I missing something?
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You agreed to a legally binding agreement. It makes no difference what country you are in. Bungie covered all of the reasons for what they are doing when the year 1 content was removed. You do not own the game just a licence to access the games content. Bungie as the games owner can do what they want at any time. Bungie can add, remove or make changes to the game and you gave them permission to do so.