[betgo]

I wouldn't open fold AQ in a early position. I would limp or standard raise. Raising to 60 is OK. The overbet, although it denies odds to a pp, is kind of silly in this situation.

In a live tournament with 3xBB in blinds and antes and reasonably shallow money, a raise to 5xBB with AQ is OK. You are mostly just trying to take the blinds and antes.

With 75xBB, AQo is not that strong. It is a "trouble hand", which leads to making TPTK/TPGK or ace high. It's good for shallow money or limit where it doesn't matter if you win with a big hand or a small hand. With deep money, you can win a small pot or lose a big pot. This is exactly what happened to you.