I have a good friend who nearly died from hypoxia.
He was fiddling with a piece of grass that got caught in his gear and woke up in a hospital. No warnings no nothing.
It's accurate to say there were no warning signs that he noticed.
Your description suggests he was distracted. If he was monitoring the loop, there were warnings he missed. Even if he was not properly monitoring the loop, my point is that experiencing hypoxia under controlled circumstances in high altitude chamber may have enabled him to recognize physiological warning signs that he missed - after he missed the signs presented by what ever he was using to monitor loop PPO2.
I agree it's always diver error as even if the equipment fails it is diver error to miss the signs of that failure. But the more warning signs you can train a diver to recognize the less likely it is that they'll miss all of them.
The reality is that when things go wrong in the loop, they go wrong over the course of minutes, not seconds.