It's exactly the same with banks, except "we" (normal plebs) cannot actually see when it happens, as compared to blockchains where all data is public. With banks it happens all the time, but no one knows, so it doesn't make the news. When it happens in blockchains (that one time), it's very obvious so it makes the news.
I'll make no argument for/against cryptocurrencies here, as the discussion if it's good/bad is futile. My comment is just a statement of fact about the differences/similarities of what we have now, and what cryptocurrencies offer.
How is it at all the same? The banking system is not immutable, the chargeback for example is available to all the "plebs" and we make regular use of it when transactions go awry.
Normally you do not have to actually directly interact with the legal system to reverse a fraudulent bank transaction. The banks have internal policies to comply with the legal system, because the other outcome is more expensive for them.
If you initiated a wire to the wrong account, that's one thing. The banks will not reverse this sort of transaction, to my understanding. If someone else fraudulently initiated a wire from your account, then that's another thing. This type of transaction will be reversed. I'm not sure which situation you're talking about. ACH transactions are a whole other ballgame.
I’m talking about me wiring money to someone who was actually a scammer, same as AI said before.
If your response is “oh well you should have been more careful about that”, congratulations on endorsing the very same defense crypto enthusiasts were giving and validating that they’re not all that different.
In the banking system every day there are reversals for many mistakes of different kinds even if the amounts are tiny and only ordinary people are involved, and if $500k is at stake, the legal system can be used to "convince" banks to do what's right even if they don't want to.