Crypto keeps losing to Ken Griffin’s Citadel

Ken Griffin’s Citadel has bought most of Situational Awareness’ AI stock portfolio at a discount, a move that represents another victory for the billionaire villain of the crypto industry.

Indeed, despite years of criticism about Griffin’s traditional finance tactics, the crypto industry keeps giving him more assets.

From a copy of the US Constitution, payment for order flow, equity in a $40 billion crypto holding company, and a new distressed portfolio of cheap AI stocks, crypto traders are far too willing to further enrich the billionaire CEO.

Margin calls gutted former FTX Future Fund member Leopold Aschenbrenner’s AI hedge fund earlier this week, turning the 25-year-old into a forced seller liquidated under a stack of self-imposed leverage to Griffin’s standing bid.

Griffin, unlike most crypto investors, had plenty of cash amid Aschenbrenner’s distress.

The New York Times reported that Citadel won the overnight auction for Situational Awareness’ AI stocks at a “considerable reduction” to market value.

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