The main difference you're not getting is that there is accountability and regulations for when these issues happen, Crypto has none of these and it has been over 15 years in its existence.
Crypto is a lawless 'decentralised' wild west that has zero accountability for when anyone loses their money in smart contract hacks, scams, wallet draining and rugpulls, in all cases your money is gone with no refunds or consumer protection.
Crypto is a lawless 'decentralised' wild west that has zero accountability for when anyone loses their money in smart contract hacks, scams, wallet draining and rugpulls, in all cases your money is gone with no refunds or consumer protection.
So yes, it is a system designed to fail.