[joneholland]

Not defending FTX here, but I think everyone is jumping to a conclusion that this function is used for display purposes only and not to persist the amount that another process then uses to to transfer the insurance amount.

Using some randomization on the daily trading volume makes some sense for what to actually move each day during an end of day process.

[xwolfi]

Look, the issue is that there is no insurance amount. When asked to show it publicly, they used a random function.

Ofc many websites do that. I did one in my previous company, it's a common social gimmick. But, once a journalist asked us how it was calculated, we removed it... we knew it was wrong from the CEO to the code monkey.

The rule I believe is: don't lie to your customers, yes even if that can extract more money from them.