> Even with some regulations, I assure you, if you choose a shady bank or a broker for stocks you can lose your money just as easily. Can anyone even cite a si

> Even with some regulations, I assure you, if you choose a shady bank or a broker for stocks you can lose your money just as easily. Can anyone even cite a single banking exit scam in the United States in recent history? The closest I can think of is Ponzi schemes like Madoff, but those were operated as businesses, not banks. Meanwhile, we hear about multiple crypto exit scams per year. More if you include all of the suspicious coin disappearances that were blamed on hacks. It would be nearly impossible for an actual bank owner in the United States to abscond to a foreign country with customer funds and avoid consequences, and even more unlikely that those customers wouldn't be made whole. But with cryptocurrency banks, being able to abscond with funds and avoid traceability/consequences is almost a core feature. I don't understand how anyone can think traditional, regulated, insured banks are in any way equivalent to unregulated, international crypto exchanges. The two couldn't be any more different when it comes to safety.