[topranks]

Those people keep their money in banks.

Sure you can pressure people to transfer money from banks to you. But that will be easier to trace and the transactions could just be reversed. If moving all your wealth the bank is likely to ask some questions, maybe want to see you in person.

With crypto the philosophy is “be your own bank”. It’s like keeping your money under the mattress. So you are a much more promising target.

[XorNot]

Also bank transactions are reversible.

e.g. you have not had a wonderful windfall of someone mistypes an account number and send you a $1 million. You are in fact obligated to report the issue and not simply go "great!" and start spending the money, tonthe point that you can be held legally liable.

It's not 100% but as people are fond of saying: we do live in a society, it's hardly onerous.

[nullc]

Kinda backwards there, _billions_ of dollars a year are stolen from US residents that have the money in banks, the FTC says 12.5 billion last year. It's so easy that you don't even have to apply a wrench.

[const_cast]

Yes you can do identity theft type things, but the in-flesh attacks are much harder.

Me kidnapping you probably isn't going to yield me much money from a bank. And robbing a bank is a death sentence.

[ofjcihen]

You can also do non physical attacks to steal crypto. Sim-swapping being one.