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Why wasn't the territory just named Cryptography then ?

Seems to me that calling it crypto but with the description you have given just adds to the (unhelpful) conflation of 'cryptocurrencices' (dumb name) and cryptography.

I get the idea of 'trying to take a name back' but I don't think crypto was ever used much as an abbreviation for cryptography much anyway. (Although maybe I'm wrong and it was in some circles ?) I feel the use of the word mostly sprang into existence with the arrival of shitcoining 'crypto bros'.

Why wasn't the territory just named Cryptography then ?

See posts linked in the territory description

Although maybe I'm wrong and it was in some circles?

This