this post was submitted on 25 Aug 2026
77 points (98.7% liked)

Technology

87550 readers
3377 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 3 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
77
SEC reportedly subpoenas Wall Street banks over "AI" hedge fund Situational Awareness’s near collapse (www.cnbc.com)
submitted 23 hours ago by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world
9 comments fedilink hide all child comments
 

The Securities and Exchange Commission has reportedly subpoenaed several major Wall Street lenders to glean more information about their role in the near-collapse of AI-focused hedge fund Situational Awareness.

Regulators are seeking insights into Situational Awareness’s trades, use of leverage and communications with the investment banks, which include Goldman Sachs, JP Morgan, Citigroup and Bank of America, according to Reuters, citing a source familiar with the matter.

Situational Awareness plunged from about $45 billion to around $10 billion in late July after it was hammered in last month’s tech sell-off.

The hedge fund, led by former OpenAI researcher Leopold Aschenbrenner, was forced to unwind much of its publicly listed portfolio of large, concentrated, levered positions — which included SK Hynix and CoreWeave — after losses sparked several margin calls among its prime brokers.

you are viewing a single comment's thread
view the rest of the comments
[–] KingThrillgore@lemmy.ml 6 points 19 hours ago (1 children)

Bro looks like a scammer

[–] scrubbles@poptalk.scrubbles.tech 4 points 17 hours ago

I always love how the scammer always looks the same, like a true con man. Every time wall street just eats it up even though everyone says hey, he's a scammer.

But maybe this time it'll be different