Yes, so tight that it ends up like the poor efforts done by the BitLicense crew in New York. Regulation will not stop hackers from attacking centralized services with idiots at the wheel. It will also not stop
people from working with these hackers to steal these funds. How many banks are heavily regulated, but they still have people on the inside informing criminals on the working of the system.
Let
there be harsh penalties for these thefts and also huge insurance coverage to protect the consumers and losses will be severely reduced.