On what planet are the not fungible? Which wallets are hackable? Do you not understand cryptography or information assurance strategies? Of course, many things are hackable, but when we say "hack" we often mean doing retarded things with PII these days. Retards give up their seed phrases for "bigger APYs" and stupid shit all of the time. This isn't evidence of a wallet being "hackable", this is evidence of people being stupid. Finally, regulators are much less competent than innovators. Regulators are the cat and Innovators are the mouse. This is Tom and Jerry and the regulators are buffoons.