No. In most systems, depositors are first. In America, banks don’t go bankrupt, but instead go into court-supervised FDIC receivership.

I have some sympathy for those who lost money in the first few crypto failures. At this point, it’s fools being separated from their money.

This is why Western governments have bank insurance schemes to make the depositors whole in these cases.

Fees don't exactly count unless they are outrageous. Bank fees are usually fixed. Like $20 wire fee.

As in: none of the scum responsible was strung up and all the dipshits that caused all of it were bailed out, you mean.

Similar to the way Merrill Lynch was forced into a shotgun marriage with Bank of America to avoid a collapse, and a number of similar firms during the collapse of Wall Street.

Yeah the Merrill Lynch one I am more familiar with and how much it has cost BoA

12k cash. You can withdraw to another financial institution without restriction.

So what? It's your money. Why would you have to pay a goddamn 0.5% plus whatever over anything over that amount?