UK Bank account forced closure

I see quite few comments about Wise accounts and their safety - I know they are not a bank but a money transmitter - but their safeguarding processes and US registration and regulation give me comfort that they are safe. Is there something I'm missing here?

More information on their safeguarding is here: https://wise.com/us/blog/is-wise-safe#:~:text=The%20good%20news%20is%20that,customers%20and%20their%20money%20safe.

I tend to keep low 5 figures in my Wise account (Monthly social security is paid in). I found their debit card particularly useful on a  recent US holiday - all transactions in US$ and no exchange conversion costs.

I also have no fears about my money held with Wise, but like you I only ever have low 5 figures in it while it is essentially on its way to my UK bank. I have it linked to my Vanguard accounts from which I make occasional withdrawals.