Reported 7 months ago
During the months leading up to Archegos Capital Management's 2021 collapse, intense trading activity was halted at a pivotal moment when a trader stepped away to use the bathroom, resulting in reprimand from Bill Hwang. Testimonies revealed Hwang as a micromanager who closely monitored and directed trading activities, even berating his team for not meeting his set criteria. The detailed supervision and pressure on traders culminated in fraudulent and manipulative practices, leading to the eventual downfall of Archegos and huge losses for counterpart banks.
Source: YAHOO