There is a huge difference between "stop accruing new spend" and "nuke everything".

The horror stories I have seen are of the type: some big artifact was getting pulled in a loop, causing TBs of network traffic or access keys were leaked and malware spun up 1000 xxxlarge instances.

The ability to stop the bleeding is the bare minimum people want. Not, "Well, you made a boo-boo so now you lost everything."