The recent downturn appears to have been driven by Leopold's AI hedge fund liquidation.

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An OpenAI alumnus in his mid-20s, he was called a Wall Street supernova who moved nearly $200 billion in recent years.

He had achieved 400% returns until June, but with yesterday's decline and today's surge, all positions were reportedly liquidated.

▶ Original source: https://www.cnbc.com/2026/07/30/leopold-aschenbrenners-hedge-fund-is-facing-steep-ai-losses.html

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