That's very far from the truth. Here is an incidence of a hack, ripping $81m from a poor country: https://www.wired.com/2016/05/insane-81m-bangladesh-bank-heist

That's very far from the truth. Here is an incidence of a hack, ripping $81m from a poor country: https://www.wired.com/2016/05/insane-81m-bangladesh-bank-heist-heres-know/ https://www.wired.com/2016/05/insane-81m-bangladesh-bank-hei... Here is $24bn of losses due to credit card fraud: https://shiftprocessing.com/credit-card-fraud-statistics/ https://shiftprocessing.com/credit-card-fraud-statistics/ If the bank bears the losses, then the burden is indirectly distributed to all its customers/shareholders. If the government bears the losses, then its distributed to the whole economy. > Bank runs like from the movie "Its a wonderful life" - they don't happen anymore. In the Western developed countries. There are billions living in countries/systems where currencies are devaluating like hell and where banking regulations is looser than crypto.