According to multiple media reports, Ken Griffin indeed purchased a substantial portfolio of public AI equities from Leopold Aschenbrenner’s fund following a margin call; however, private holdings, including the stake in Anthropic, were not part of that transaction and remain with Situational Awareness. Griffin does not shy away from market turmoil. When leverage breaks other participants, he enters with capital and structural capacity, acquires an AI book at distressed prices, and waits for the market to reprice these assets at their fundamental value. This approach is harsh but effective. A forced sale combined with a margin call constitutes a classic distress sale. The buyer, in this case Citadel, acquires assets at a discount, which reflects standard market mechanics rather than expropriation.