Young Indian Grandmaster R Praggnanandhaa produced a superb performance, winning three straight games including two in the blitz tie-breaks to outwit world No.1 Magnus Carlsen 4-2 in the final round of the FTX Crypto Cup here on Monday.
However, despite the win over Carlsen, the 17-year old could only take second place in the final standings.
The Norwegian won the top prize on the basis of a higher score. He finished with 16 match points to the Indian prodigy's tally of 15.
"I've been playing badly all day, but now I'm getting the results I deserve... It's never good to lose, but this is as good a time as any!," Carlsen said after the match.
Alireza Firouzja, another highly-rated teen and a prodigy, also finished on 15 points but had to settle for third place as he had lost the clash against Praggnanandhaa earlier.
The first two games of the Carlsen-Praggnanandhaa match were drawn before the world No.1 went ahead by clinching the third.
In a surprise turn of events, the Indian won the fourth game to push the match into the tie-breaks. He shocked the Norwegian by winning both the games in the tie-break.
Praggnanandhaa has been in splendid form this year and had previously beaten the world champion twice in online events.