What the Archegos Arrests Tell Us About the Financial System

Bill Hwang is being accused of market manipulation.

Listen or watch all the new CoinDesk podcast episodes wherever you want.

ABOUT

This episode is sponsored by Nexo.io, Arculus and FTX US.

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.

Find our previous episode about Archegos here: https://www.coindesk.com/podcasts/the-breakdown-with-nlw/corruption-leverage-and-cheap-money-archegos-and-the-fastest-loss-of-wealth-in-history/

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Michael Nagle/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.