32TB SSD unable to initialize

Unfortunately for you you’ve been scammed. A true 32TB SSD would cost between $3,000.00 and $5,000.00. In fact OWC offers one for $9,799.00 as a RAID. I’ll bet you paid under $100 for a piece of junk advertised on the web. You are not the first one to have been taken in by this online scam. Try to get your money back but others have not had such luck.

So how much did you pay?

I was able to get a full refund but I was still hopeful that there is some value in the device.

The only way it's at all useful is to break the case open and take the small SD card out of it, then use that in a digital camera, or whatever other device it fits in.

It is of absolutely no use as an SSD for a computer. Not only are the actual SD cards in them much lower capacity than they say, if you try to use one they fill up quickly, then they pretend to keep saving data when what they really do is just keep overwriting the data that's already there. So, do not even think of using it the way it is. You'll only lose data - lots of it.

There are many videos of how they make these things, but here's one:

https://www.youtube.com/watch?v=Rm02WzE7iM0

My guess is that they sold the scrap from the factory,

It would be a bit nicer if that was all that was happening. Web-searching for fake high-capacity SSD shows a lot of articles on the subject. The consensus is the fakers deliberately built them with smaller storage chips that were flashed to appear as one massive drive. Apple's Disk Utility seems to trip them up, as you have found.

They were good enough to trick some major resellers like Amazon and Walmart.

If it sounds too good to be true....

The only value in a scam device is as a “show and tell” prop for warning others not to fall for such scams.

Or as evidence in a court case if you can find a prosecutor to take the case, and the scammers can still be found and charged.

Well, it is most certainly not 32TB. Patches to the onboard firmware can make it appear any size you want.