Ken Griffin's Citadel pouncing after Leopold Aschenbrenner's Situational Awareness ran into trouble has sparked a wave of memes on social media.

Leopold Aschenbrenner's Situational Awareness LP sold its entire public equities portfolio amid margin pressure from 4x leverage despite 439%

The once-high-flying firm Situational Awareness, whose founder is 24, has been bailed out by Kenneth Griffin’s Citadel, according to three people briefed on the transaction.

Situational Awareness, Aschenbrenner’s firm with the same name as his essay, was forced to sell off the majority of its public positions after suffering some major losses over the last few weeks, according to a report from CNBC.

Hedge fund Situational Awareness, which recently unwound due to significant drawdowns in its portfolio, has not sold its stake in Claude maker Anthropic ( ANTHRO ), CNBC reported. Situational Awareness did not immediately respond to a request for comment from Seeking Alpha.

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