My bank sends me cryptographically-signed bank statements. So, if they just erase my bank account by mistake, I can challenge them with the statement that they sent me earlier.

In theory it sounds worse, but in practice I have the impression that crypto has a much worse track record in terms of the percentage of people and currency that have been victimized by theft.

If big banks were being stolen from at the same rate as crypto exchanges, the news would be pretty Wild West.