[afastow]

I stay away from everything crypto but I don't see the difference. In both cases if they didn't make it right you'd go to the courts and make your case that they are at fault and owe you compensation.

[kgwgk]

In the first case, bank deposits are insured. In the second case, safe deposit boxes are not insured.

[afastow]

They're just different things. The FDIC insurance is for if the bank itself goes insolvent and they literally don't have enough money to cover their depositors' balances anymore. There's no reason a safe deposit box would be affected.

[btilly]

The history of crypto says, "Good luck!"

There is a long history here of once trusted institutions turning out to be fraudulent.