I don't believe there was an overage epiphany!
But... Maybe they put all their bids for everything into a glass mayonnaise jar that was forgotten about until it fell off the lunch room during the fire table and crashed onto the floor. Makes me wonder who really knew what and when. Also, note the trading halts for prior trivial, by comparison, stuff. And there was lots of money made... And lost.
The 'oh my' explanation, spoken like these things often just happen, destroys all credibility, regardless the reason. You can call it incompetent but I maintain that would likely be the best case scenario, to be offered up by Pollyanna. What a mess.
Bonuses and frog legs all around.