FTX was really obvious. I saw it before and lumped it in with the half dozen other scams I see every time I mess with crypto. The people scammed fall into two categories:
1) People who shouldn't have been using crypto at all because they can't handle it.
2) People deliberately misusing other people's money who did actually know better.
I think a large amount of the stolen funds fall into the second category.
Why was it so obvious? Loads of institutions had their money there, what did they not notice that you saw?
This argument keeps getting trotted out yet people keep getting hit with more and more sophisticated scams, on and off chain, not to mention hacks which you won’t discover with just an hour of research.