> Also at least with european banking, if you wringly send money to another account, it is also gone forever.

It's not though? The money is still legally yours and can be recovered via the legal system. Only if it is moved out of Europe into less well regulated areas it becomes a problem.

This happens in every case though. If I give you cash and you take it to god knows where it can't be recovered either. If I give you money and let you leave with it then there is only so much any system can do.