What the Archegos Arrests Tell Us About the Financial System

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_apr22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://www.amazon.com/stores/page/4916F3EC-38E9-4873-9427-0A1375D7D96F"> <em><span style="font-weight: 400;">Arculus</span></em></a> <em><span style="font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">.</span></em><span style= "font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">Bill Hwang is no stranger to law enforcement around financial crimes. In 2012 he settled an insider trading and market manipulation case involving Chinese stocks. Last year, he jumped back in the headlines after his family office, Archegos, completely imploded, ultimately leading to $10 billion of losses for brokerages including Nomura and Credit Suisse. This week, he was arrested on new charges surrounding Archegos. NLW explores how the market is reacting and what it tells us about the state of the financial system. </span></p> <p> </p> <p><span style="font-weight: 400;">Find our previous episode about Archegos here:</span> <a href= "https://www.coindesk.com/podcasts/the-breakdown-with-nlw/corruption-leverage-and-cheap-money-archegos-and-the-fastest-loss-of-wealth-in-history/"> <span style= "font-weight: 400;">https://www.coindesk.com/podcasts/the-breakdown-with-nlw/corruption-leverage-and-cheap-money-archegos-and-the-fastest-loss-of-wealth-in-history/</span></a></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><em><span style="font-weight: 400;">From cash to crypto in no time with</span></em> <a href= "https://nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_apr22"> <strong><em>Nexo</em></strong></a><em><span style= "font-weight: 400;">. Invest in hot