Crypto-currency advocates would argue that security is enhanced because nobody can associate a crypto asset with an individual person. That's why fraudsters and criminal love crypto.
In truth, criminals are targeting people who participate in crypto social media forums. They view them as nice targets for phishing and scam campaigns.
Two Russians Charged in $17M Cryptocurrency Phishing Spree
The nice thing about banks is they have stopgap measures to protect your savings account. They also have a reputation to protect. And there's a federal law (FDIC) protecting accounts up to $200,000.
With crypto, all you've got is your password. And if you lose your password or somebody discovers it, say sayonara to your savings.
The whole thing seems a little tethered and unbound for me. I understand the same people who say that about a fiat currency like ours, but this abstracts even that.