🚨BREAKING: SEC subpoenas major Wall Street banks over dealings with Leopold Aschenbrenner’s Situational Awareness fund, per NYT. The SEC is reportedly investigating the fund’s trading activity and financing, seeking details on the timing of trades and how the fund communicated with lenders about leverage. Situational Awareness had grown to more than $30B in assets before losing roughly 67% of its portfolio value in Julyamid a sharp AI-stock selloff, forcing it to sell most of its public holdings to Citadel.(Coin Bureau)