the fact that it has been executed so poorly to me seems like it is an insider who woke up and thought they could get away with it because they hd access to the keys
When everyone's getting fired because the company went bankrupt, loot the office so you can get a nice chair as your final paycheck rather than letting that chair go to the creditors.
No. Not all insiders would necessarily be professionals as covering their tracks post crypto hack. They could just be someone who knew they had access to the keys and said "screw it my life is already horrible lets try this".
Another option is honestly an insider who got screwed (a lot of employees had a TONNE of money on FTX) selling the keys they knew of to someone else.
Or they got screwed and thought about how to screw the higher ups even more. They never need to cash out the money to do this.
Nobody will ever not be suspicious of SBF and his inner circle again after this hack.
If it were just a big collapse and it went like an ordinary bankruptcy with the creditors getting a haircut, he'd just be considered an idiot. Money mysteriously vanished? Now he's malicious as well, and any court is going to ask SBF where it went, and even if he didn't know nobody would believe it.
The latter immediately occured to me. It is a lot easier to claim ignorance if your key gets used by someone else to drain the vault, than it is to drain the vault yourself.
1) this is not the market. It’s just blockchain txns.
2) trust me when I say, no one in crypto except some very very select exchanges actually know how to make a market trading software. They think they can compete with NYSE which is large and employs such incredible talent that it still survives in a really tough industry. They’re likely closer to my grad school project, which even I can tell you, sucked absolute balls.
You're making a lot of assumptions about people you know nothing about.
You're also making an assumption emcumbants are where they are because of their current merits and not the mere fact they're standing where someone stood before them.
They may not have been involved in the operations of how to run the software/make the trades/interface, who knows they could just be a physical security person that realized there was an opportunity in the chaos.
I haven't seen any public information that tells us who it might be, this is all guess work, but it really doesn't look like a professional operation like Lazarus Group