The Trader Who Lost $20 Billion in Two Days

He had $30 billion. Two days later, almost all of it was gone. Bill Hwang built a secret fortune bigger than most banks even knew existed, using a Wall Street loophole almost nobody understood. Then in March 2021, one bad bet unraveled everything, taking down billions in bank money and helping sink a 167 year old institution along with it. This is the true story of Archegos Capital Management, the fastest personal fortune ever destroyed.