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Is it possible this was a form of laundering or insider theft? I.e. could the intended transaction not have actually been broadcast to all miners?

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You'd have to ensure that miner can score a block in a reasonable time. That would be a lot of hassle with a setup likely worth over 500k. Not impossible, but really unlikely.

(Also that reward went to the f2pool's publicly known address https://www.blockchain.com/explorer/transactions/btc/99451c2... - so that wouldn't make sense as a destination, because it gets split between lots of miners)

I'd think an insider could keep a transaction hanging at any given time in many accounts payable situations, but taking all that risk to share a tiny portion of a pool would be pretty silly..

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