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  How $30B Vanished in 72 Hours: A Crypto Analyst’s Autopsy of FTX The Quant Who Outsmarted Himself I’ve analyzed blockchain transactions for five years, but SBF’s balance sheets still give me chills. The MIT whiz-kid turned crypto messiah built FTX using Alameda Research as his personal ATM - quite literally. Our forensic team found $160B in customer funds flowed through a “backdoor” coded to bypass basic accounting checks. For context? That’s more than the GDP of Hungary. The Irony : His “effective altruism” justified taking from the many (FTX users) to feed the few (Alameda’s bad bets). Modern Robin Hood in reverse. The Three Fatal Flaws Moral Arbitrage : Treating ethics as a variable cost (his infamous “5% fraud probability” calculus) KYC Gone Wild : Knowing Your Customer too well to steal from them efficiently Regulatory Chicken : Playing jurisdictional hopscotch until the music stopped Where billion-dollar decisions were made between League of Legends matches Why This Was Ine...