The reality is that even for Bitcoin, the attack, as described, is infeasible. It is possible for miners to collude to censor transactions, but not to create f

The reality is that even for Bitcoin, the attack, as described, is infeasible. It is possible for miners to collude to censor transactions, but not to create fake transactions, or to somehow steal money from a person and deliver it to others. An attack on that scale would require rewriting the block validity criteria, and no existing nodes or other miners would accept the new criteria, which would result in the chain forking, and the main chain simply losing a lot of hash power, which would be working on the fork that contained the change the validity criteria.