The first picture above shows how the value of 5,250,000 FTX Token supposedly in the insurance fund was "calculated". It wasn't. It was just coded in. insuranceFund.size = 5250000 FTT.

The second picture above shows how the value of USD in the insurance fund was "calculated". The daily trading volume on FTX was multiplied by a random number, and this was used to adjust the insurance fund to a new size.

To me, this looks like a bunch of
nerds IT guys who got in over their head. It looks like they're just kidding around, without realizing there are real-life consequences to what they're doing.