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How a Technician Stole $47,000,000 in Crypto Overnight

On October 22, 2023, a routine night shift inside a Phoenix data center turned into one of the most unusual crypto losses in recent history. A low-level night-shift technician exploited a tiny timing flaw inside a major U.S. crypto exchange’s reconciliation system — and turned it into a $47,000,000 overnight deficit.

This documentary breaks down the incident step by step:
how a predictable reconciliation window, trusted automation, and delayed blockchain confirmations created a narrow opening — and how one technician noticed what everyone else ignored. Using only legitimate access, standard API calls, and precise timing, the exploit unfolded without malware, hacking tools, or stolen credentials.

Through internal logs, security footage, blockchain analysis, and investigator timelines, we reconstruct how the system failed, why alarms didn’t trigger in time, and how the loss was finally traced back to a single pattern hidden deep inside millions of transactions.
This is not a story about brute-force hacking.
It’s a story about systems trusting themselves — and what happens when one person understands that trust better than the people who built it.

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