I ordered a QFR with reds from Amazon Warehouse Deals and it had a non-working left alt. Instead of RMAing it, I decided to open it up and tackle the problem, for the sake of science! Just as some people have guessed, it was caused by a bad solder joint.
I'm sure a lot of bad boards have already been returned to Cooler Master and newer batches have had this issue resolved by now. But I decided to take some pictures and make a post anyways in case people run into an intermittent alt key in the future outside of warranty, or live overseas where RMA shipping would be ridiculous.
Here's a look at the PCB underneath the left alt.
A closeup of the bad joint. You can see the line from the bottom left breaks before it reaches the joint.
I first tried to add a little bit of solder to see if i could close the gap, but it came clean off.
I scratched off the green coating to expose the tips for resoldering.
The gap was too big, so I had to use a bit of copper wire to bridge the pins.
Soldered and fixed.