[theamk]

The takeover/shutdown is a totally valid concern with traditional companies as well, and happens all the time. See "our incredible journey" blog [0] for recent examples.

However, with traditional companies, we are protected by contract law -- if we are paying a company for service, they should at least refund the money (this is not ideal, see Nest Smart home shutdown, but at least something). And banks/investment firms have even more protection for users' accounts. This is possible because the company owners are operating within the law framework, and this framework, being very old and battle-tested, handles acquisitions properly.

No such things exists for crypto. If someone takes over BTC tomorrow, they can secretly siphon as much money as they can before driving the network to ground.

[0] https://ourincrediblejourney.tumblr.com/