Situational Awareness hedge fund loses 67% after concentrated AI bets blow up, forced to sell $16B to Citadel at deep discount

Source: Crypto Briefing· Editorial Team· August 4, 2026

The collapse highlights the risks of concentrated tech investments, potentially impacting investor confidence and related sectors like crypto. The post Situational Awareness hedge fund loses 67% after concentrated AI bets blow up, forced to sell $16B to Citad…

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