Anthropic Co-founder Leopold's $10B Crypto Liquidation Slammed as 'Degen Gambling'
brianryhuang · x · 2026-08-03
Commenting on Anthropic co-founder Leopold Aschenbrenner's recent massive crypto liquidation costing tens of billions, the author criticizes the industry for excusing his behavior as a youthful mistake.
The post argues that his actions were degenerate gambling comparable to Three Arrows Capital or Bill Hwang, not calculated risk-taking. The author points out that sympathy should go to ordinary leveraged traders who went bankrupt, rather than institutional executives who still hold hundreds of millions in fees.
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